The competition began on 18 April and ended on 2 December 2023,[1] with the winners qualifying for the 2023 Supercopa Paraguay against the Primera División champions with better record in the aggregate table.
Libertad were the champions, claiming their second Copa Paraguay title by beating Sportivo Trinidense on penalty kicks after a 1–1 draw in the final.
Although the Copa Paraguay kept the number of participating clubs and format used in 2022, the Paraguayan Football Association (APF) confirmed that starting from this edition, the champions will qualify for the following year's Copa Libertadores, taking the Paraguay 4 berth in the competition, except if they have already qualified via league performance or play in a tier other than Primera División, in which case that right will go to the cup runners-up or third-placed team (or best-placed team in the Primera División's aggregate table if the runners-up or third-placed team also meet any of those conditions, in that order).
[4] Ties in all rounds will be played on a single-legged basis, with a penalty shootout deciding the winner in case of a draw.
The 2023 edition will have a total of 74 participating teams: The champions from each of the 17 departments of Paraguay qualified for the competition: The draw for the first stage was held on 24 March 2023 and matches were played from 18 April to 24 May 2023.