The album was released by Fonovisa after Iglesias had left them, and signed a deal with Interscope, who promptly sued Fonovisa for using the song "Bailamos", when it was recorded on their label.
"Nunca Te Olvidaré" and "Esperanza" were both hits for Iglesias, but appear here as radically altered remixes.
Also included on the album was the then rare recording of the English version of "Sólo En Ti".
The album does not contribute to Iglesias' official record sales and is considered apocryphal by some fans.
After this release, Fonovisa released another compilation album, the properly titled The Best Hits, which contained Iglesias' best performing Spanish-language singles at the time, but it was quickly removed from shelves due to the substantially larger sales of Bailamos Greatest Hits.