[2] However, due to "state interference" in the work of the Bolivian Football Federation (FBF), CONMEBOL decided to move the tournament to Lambare, Paraguay in October 2017.

[3] The championship took place between 11 and 18 November in cooperation with the Paraguayan Football Association (APF), which saw an increase of the number of participating teams, up from nine in the first edition to twelve and an additional 12 matches.

[4] Brazilians Vasco da Gama were the defending champions and successfully retained their title, beating Uruguayan side Malvín 8–5 in the final to secure their second Copa Libertadores crown.

The nations knocked out of title winning contention played in a series of consolation matches to decide fifth through twelfth place.

[9] The draw to split the twelve teams into three groups of four took place on November 3 in Asunción, Paraguay at the headquarters of the Paraguayan Football Association.

The group winners, runners-up and two best third placed teams progressed to the knockout stage to continue to compete for the title.