Due to the renovations taking place at Palestra Itália for the construction of the new Arena, Palmeiras played all their home matches of the 2011 season, at Pacaembu and at the Canindé Stadium.

Palmeiras advanced to the Second Phase of the competition, and faced Uberaba in Minas Gerais, winning by the score of 4–0 and securing a place in the Round of 16.

In the last eight round, Palmeiras played against Santo André and won by the aggregate score of 3–1, advancing to the Quarterfinals.

In the 2nd leg, Palmeiras conquered a 2–0 victory at home against Coritiba, but it wasn't enough to achieve qualification to the tournaments semifinals.

Second phase Source: Palmeiras.com Updated 4 December 2011 Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Updated as of 16 November 2011 CONMEBOL allows each team to choose only 25 players from their squad to compete in the Sudamericana, with numberings from 1 to 25.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.