The fourteenth edition of the South American Championship of football was held in Buenos Aires, Argentina from 27 December 1936 to 1 February 1937.

The participating countries were Argentina, Brazil, Chile, Paraguay, Peru, and Uruguay thus making this the first edition in which more than five teams took part of the event.

Bolivia, and Colombia (a new CONMEBOL member) withdrew from the tournament.

Because of the summer heat, most of the matches were played at night, with Estadio Gasómetro being one of the few stadiums in Argentina with artificial lighting at the time, while other games were played during daytime at Estadio Alvear y Tagle.

As Brazil and Argentina finished tied in points, a playoff was required to determine the champion.