In the knockout phase, if the final was level at the end of 90 minutes of normal playing time, extra time would be played (two periods of 15 minutes each), where each team would be allowed to make an extra substitution.
If still tied after extra time, the match would be decided by a penalty shoot-out to determine the winners.
Player of the Match: Daniela Zamora (Chile) Assistant referees: Neuza Back (Brazil) Leila Moreira (Brazil) Fourth official: Elizabeth Tintaya (Peru) The winners of the semi-finals qualified for the 2023 FIFA Women's World Cup and the football tournament at the 2024 Summer Olympics.
Player of the Match: Linda Caicedo (Colombia) Assistant referees: Loreto Toloza (Chile) Cindy Nahuelcoy (Chile) Fourth official: Susana Corella (Ecuador) Player of the Match: Bia Zaneratto (Brazil) Assistant referees: Luciana Mascaraña (Uruguay) Adela Sánchez (Uruguay) Fourth official: Yercinia Correa (Venezuela) The winners of the third place match qualified for the 2023 FIFA Women's World Cup.
Player of the Match: Yamila Rodríguez (Argentina) Assistant referees: Eliana Ortiz (Colombia) Nataly Arteaga (Colombia) Fourth official: Sandra Braz (Portugal)