[1] On 17 October 2019, CONMEBOL announced that the final would be played at the Estádio do Maracanã in Rio de Janeiro, Brazil on 21 November 2020.

In March 2018, the Liga MX President, Enrique Bonilla, said that Liga MX and Major League Soccer (MLS) were open to start talks to have Mexican teams return and MLS teams from Canada and the United States to join if they could agree on terms with the CONMEBOL officials.

[4] Teams from Mexico had withdrawn from the Copa Libertadores since 2017, but could return in the future if the issue of schedule conflicts could be solved.

[6] One of the original requirements was that teams must be in the top division of their member association, but this was removed after many associations stated that they had not adapted the regulations of their qualifying competitions for the 2020 Copa Libertadores and Copa Sudamericana.

[7] The tournament was suspended after group stage matchday 2 due to the COVID-19 pandemic, and resumed on 15 September 2020, ending with the final on 30 January 2021.

[8][9] The following 47 teams from the 10 CONMEBOL member associations qualified for the tournament:[10] The entry stage was determined as follows:[10] The schedule of the competition was as follows.

[23] On 17 April 2020, CONMEBOL announced that the tournament would be suspended indefinitely, and no date had been set for its resumption.

If still tied, extra time was not played, and a penalty shoot-out was used to determine the winner (Regulations Article 2.4.3).

Source: CONMEBOL.com The CONMEBOL technical study group; conformed by Nery Pumpido, Gerardo Pelusso, Diego Gavilán, Faryd Mondragón, Francisco Maturana, Dorival Júnior, Daniel Bañales and César Sampaio, selected the following 11 players as the team of the tournament.