Independiente, who beat Flamengo 2–1 on aggregate in the final, won the competition for the second consecutive year.

1994 Copa Libertadores winners Vélez Sársfield took part in the Supercopa Sudamericana for the first time, taking the number of participants to 17.

The matches were played from 13 September to 18 October.

With 17 teams taking part, the first round consisted of 7 two-legged ties and a round robin group consisting of the remaining 3 teams.

The matches were played from 24 October to 2 November.