[2] The tournament acted as South American qualification for the 2023 FIFA Women's World Cup in Australia and New Zealand,[3] providing three direct qualifying places and two play-off places for the Women's World Cup,[4] and three more places for the 2023 Pan American Games women's football tournament in Chile (in addition to Chile who qualified automatically as hosts).

In addition, the two finalists qualified for the women's football tournament at the 2024 Summer Olympics in France.

[8] Brazil, the three-time defending champions, defeated Colombia 1–0 in the final to win their 8th title.

The winners of the semi-finals qualified for the 2023 FIFA Women's World Cup and the football tournament at the 2024 Summer Olympics.

The following two teams from CONMEBOL qualified for the 2024 Summer Olympic women's football tournament in France.