| YEAR | CHAMPION | RUNNERS-UP | |
| 1960 | PEÑAROL (Uruguay) | Olimpia (Paraguay) | (1-0 1-1) |
| 1961 | PEÑAROL (Uruguay) | Palmeiras (Brazil) | (1-0 1-1) |
| 1962 | SANTOS (Brazil) | Peñarol (Uruguay) | (2-1 2-3 3-0) |
| 1963 | SANTOS (Brazil) | Boca Juniors (Argentina) | (3-2 2-1) |
| 1964 | INDEPENDIENTE (Argentina) | Nacional (Uruguay) | (0-0 1-0) |
| 1965 | INDEPENDIENTE (Argentina) | Peñarol (Uruguay) | (1-0 1-3 4-1) |
| 1966 | PEÑAROL (Uruguay) | River Plate (Argentina) | (2-0 2-3 4-2) |
| 1967 | RACING CLUB (Argentina) | Nacional (Uruguay) | (0-0 0-0 1-0) |
| 1968 | ESTUDIANTES (Argentina) | Palmeiras (Brazil) | (2-1 1-3 2-0) |
| 1969 | ESTUDIANTES (Argentina) | Nacional (Uruguay) | (1-0 2-1) |
| 1970 | ESTUDIANTES (Argentina) | Peñarol (Uruguay) | (1-0 0-0) |
| 1971 | NACIONAL (Uruguay) | Estudiantes (Argentina) | (1-0 0-1 2-0) |
| 1972 | INDEPENDIENTE (Argentina) | Universitario (Peru) | (0-0 2-1) |
| 1973 | INDEPENDIENTE (Argentina) | Colo Colo (Chile) | (1-1 0-0 2-1) |
| 1974 | INDEPENDIENTE (Argentina) | Sao Paulo (Brazil) | (1-2 2-0 1-0) |
| 1975 | INDEPENDIENTE (Argentina) | Union Española (Chile) | (0-1 3-1 2-0) |
| 1976 | CRUZEIRO (Brazil) | River Plate (Argentina) | (4-1 1-2 3-2) |
| 1977 | BOCA JUNIORS (Argentina) | Cruzeiro (Brazil) | (1-0 0-1 0-0 5-4 pk) |
| 1978 | BOCA JUNIORS (Argentina) | Deportivo Cali (Colombia) | (0-0 4-0) |
| 1979 | OLIMPIA (Paraguay) | Boca Juniors (Argentina) | (2-0 0-0) |
| 1980 | NACIONAL (Uruguay) | Internacional (Brazil) | (0-0 1-0) |
| 1981 | FLAMENGO (Brazil) | Cobreloa (Chile) | (2-1 0-1 2-0) |
| 1982 | PEÑAROL (Uruguay) | Cobreloa (Chile) | (0-0 0-1) |
| 1983 | GREMIO (Brazil) | Peñarol (Uruguay) | (1-1 3-0) |
| 1984 | INDEPENDIENTE (Argentina) | Gremio (Brazil) | (1-0 0-0) |
| 1985 | ARGENTINOS JUNIORS (Argentina) | América de Cali (Colombia) | (1-0 0-1 1-1 5-4 pk) |
| 1986 | RIVER PLATE (Argentina) | América de Cali (Colombia) | (2-1 1-0) |
| 1987 | PEÑAROL (Uruguay) | América de Cali (Colombia) | (0-2 2-1 1-0) |
| 1988 | NACIONAL (Uruguay) | Newell's Old Boys (Argentina) | (0-1 3-0) |
| 1989 | ATLETICO NACIONAL (Colombia) | Olimpia (Paraguay) | (0-2 2-0 5-4 pk) |
| 1990 | OLIMPIA (Paraguay) | Barcelona (Ecuador) | (2-0 1-1) |
| 1991 | COLO COLO (Chile) | Olimpia (Paraguay) | (0-0 3-0) |
| 1992 | SAO PAULO (Brazil) | Newell's Old Boys (Argentina) | (0-1 1-0 3-2 pk) |
| 1993 | SAO PAULO (Brazil) | Universidad Católica (Chile) | (5-1 0-2) |
| 1994 | VELEZ SARSFIELD (Argentina) | Sao Paulo (Brazil) | (1-0 0-1 5-4 pk) |
| 1995 | GREMIO (Brazil) | Atlético Nacional (Colombia) | (3-1 1-1) |
| 1996 | RIVER PLATE (Argentina) | América de Cali (Colombia) | (0-1 2-0) |
| 1997 | CRUZEIRO (Brazil) | Sporting Cristal (Perú) | (0-0 1-0) |
| 1998 | VASCO DA GAMA (Brazil) | Barcelona (Ecuador) | (2-0 2-1) |
| 1999 | PALMEIRAS (Brazil) | Deportivo Cali (Colombia) | (0-1 2-1 4-3 pk) |
| 2000 | BOCA JUNIORS (Argentina) | Palmeiras (Brazil) | (2-2 0-0 4-2 pk) |
| 2001 | BOCA JUNIORS (Argentina) | Cruz Azul (Mexico) | (1-0 0-1 3-1 pk) |
| 2002 | OLIMPIA (Paraguay) | Sao Caetano (Brazil) | (0-1 2-1 4-2 pk) |
| 2003 | BOCA JUNIORS (Argentina) | Santos (Brazil) | (2-0 3-1) |
| 2004 | ONCE CALDAS (Colombia) | Boca Juniors (Argentina) | (0-0 1-1 2-0 pk) |
| 2005 | SAO PAULO (Brazil) | Atletico Paranaense (Brazil) | (1-1 4-0) |
| 2006 | INTERNACIONAL (Brazil) | Sao Paulo (Brazil) | (2-1 2-2) |
