| Year | Champion |
Runner-up | Score |
| 2000 | Boca Juniors (Argentina) |
Palmeiras (Brazil) | 0-0 (4-2)
2-1 |
| 1999 | Palmeiras (Brazil) |
Deportivo Cali (Colombiz) | 0-1
2-1 (4-3) |
| 1998 | Vasco de Gama (Brazil) |
Barcelona (Ecuador) | 2-0
2-1 |
| 1997 | Cruzeiro (Brazil) |
Sporting Cristal (Peru) | 0-0
1-0 |
| 1996 | River Plate (Argentina) |
Cali (Colombia) | 0-1
2-0 |
| 1995 | Grêmio (Brazil) |
Atlético Nacional (Colombia) | 3-1
1-1 |
| 1994 | Vélez Sarsfield (Argentina) |
São Paulo (Brazil) | 1-0
0-1 (5-3) |
| 1993 | São Paulo (Brazil) |
Univ. Católica (Chile) | 5-1
0-2 |
| 1992 | São Paulo (Brazil) |
Newell's Old Boys (Argentina) | 0-1
1-0 (3-2) |
| 1991 | Colo Colo (Chile) |
Olimpia (Paraguay) | 0-0
3-0 |
| 1990 | Olimpia (Paraguay) |
Barcelona (Ecuador) | 2-0
1-1 |
| 1989 | Atlético Nacional (Colombia) |
Olimpia (Paraguay) | 0-2
2-0 (5-4) |
| 1988 | Nacional (Uruguay) |
Newell's Old Boys (Argentina) | 0-1
3-0 |
| 1987 | Peñarol (Uruguay) |
América (Colombia) | 0-2
2-1
1-0 |
| 1986 | River Plate (Argentina) |
América (Colombia) | 2-1
1-0 |
| 1985 | Argentinos Juniors (Argentina) |
América (Colombia) | 1-0
0-1
1-1 (5-4) |
| 1984 | Independiente (Argentina) |
Grêmio (Brazil) | 1-0
0-0 |
| 1983 | Grêmio (Brazil) |
Peñarol (Uruguay) | 1-1
2-1 |
| 1982 | Peñarol (Uruguay) |
Cobreloa (Chile) | 0-0
1-0 |
| 1981 | Flamengo (Brazil) |
Cobreloa (Chile) | 2-1
0-1
2-0 |
| 1980 | Nacional (Uruguay) |
Internacional (Brazil) | 0-0
1-0 |
| 1979 | Olimpia (Paraguay) |
Boca Juniors (Argentina) | 1-0
2-1 |
| 1978 | Boca Juniors (Argentina) |
Deportivo Cali (Colombia) | 0-0
4-0 |
| 1977 | Boca Juniors (Argentina) |
Cruzeiro (Brazil) | 1-0
0-1
0-0 (PK) |
| 1976 | Cruzeiro (Brazil) |
River Plate (Argentina) | 4-1
1-2
3-2 |
| 1975 | Independiente (Argentina) |
Union Espanola (Chile) | 0-1
3-1
2-0 |
| 1974 | Independiente (Argentina) |
Sao Paulo (Brazil) | 1-2
2-0
1-0 |
| 1973 | Independiente (Argentina) |
Colo Colo (Chile) | 1-1
0-0
2-1 |
| 1972 | Independiente (Argentina) |
Univeritario (Peru) | 0-0
2-1 |
| 1971 | Nacional (Uruguay) |
Estudiantes (Argentina) | 0-1
1-0
2-0 |
| 1970 | Estudiantes (Argentina) |
Penarol (Uruguay) | 1-0
0-0 |
| 1969 | Estudiantes (Argentina) |
Nacional (Uruguay) | 1-0
2-0 |
| 1968 | Estudiantes (Argentina) |
Palmeiras (Brazil) | 2-1
1-3
2-0 |
| 1967 | Racing Club (Argentina) |
Nacional (Uruguay) | 0-0
0-0
2-1 |
| 1966 | Penarol (Uruguay) |
River Plate (Argentina) | 2-0
2-3
4-2 (OT) |
| 1965 | Independiente (Argentina) |
Penarol (Uruguay) | 1-0
1-3
4-1 |
| 1964 | Independiente (Argentina) |
Nacional (Uruguay) | 0-0
1-0 |
| 1963 | Santos (Brazil) |
Boca Juniors (Argentina) | 3-2
2-1 |
| 1962 | Santos (Brazil) |
Penarol (Uruguay) | 2-1
2-3
3-0 |
| 1961 | Penarol (Uruguay) |
Palmeiras (Brazil) | 1-0
1-1 |
| 1960 | Penarol (Uruguay) |
Olimpia (Paraguay) | 1-0
1-1 |
