The 1988 Supercopa Sudamericana Finals was the final of the first ever Supercopa Libertadores football tournament.

It was contested by Argentine club Racing and Brazilian club Cruzeiro.

The first leg of the tie was played at El Cilindro, where Racing beat Cruzeiro 2–1.

In the second leg, held in Mineirão in Belo Horizonte, both teams tied 1–1.

[1] Racing Club won the cup 3–1 on points (3–2 on aggregate), achieving their first Supercopa trophy[1] and winning an international title for the first time since 1967.