In the finals, Argentine team River Plate defeated Colombian team Atlético Nacional 3–1 on aggregate to win their first title,[2] and earned the right to play in the 2015 Recopa Sudamericana and the 2015 Suruga Bank Championship.

[16][17][18] Excluding the defending champion (entering in the round of 16), the other 46 teams were divided into four zones: The draw mechanism was as follows:[3] To determine the bracket starting from the round of 16, the defending champion and the 15 winners of the second stage were assigned a "seed" by draw.

The schedule of the competition was as follows (all dates listed are Wednesdays, but matches may be played on Tuesdays and Thursdays as well).

The finals were played on a home-and-away two-legged basis, with the higher-seeded team hosting the second leg.

If tied on aggregate, the away goals rule was not used, and 30 minutes of extra time was played.