[5][6][7] Additionally, Grêmio is tied with São Paulo, Santos, Palmeiras, and Flamengo for the most Copa CONMEBOL Libertadores de América titles among Brazilian clubs, having won a total of three each.

In 1961, Grêmio went on its first European tour playing 24 games in 11 countries: France, Romania, Belgium, Greece, Germany, Poland, Bulgaria, Luxembourg, Denmark, Estonia and Russia.

With Uruguayan defender De León and goalkeeper Mazaropi also earning club legend status on the back of their performances in the Copa Libertadores and Intercontinental Cup.

After this return to form, 1994 saw Grêmio win its second Copa do Brasil, defeating Ceará in the two-leg final (0–0 and 1–0), the solitary goal scored by striker Nildo.

[26] In May 1995, under head coach Luiz Felipe Scolari, Grêmio were runners-up in the Copa do Brasil, losing the final match to Corinthians 0–1 at Olímpico Monumental.

In August, a few days after beating arch-rivals Internacional for the state title with a reserve squad, the club won the Copa Libertadores for the second time.

This qualified the club to the 1995 Intercontinental Cup where Grêmio pushed a talented Ajax (featuring Patrick Kluivert, Overmars, Van Der Sar and Kanu) into extra time and penalties despite being a player down.

[27] With the newfound income, Grêmio made large investments and expensive hirings, such as Zinho, Paulo Nunes, Gabriel Amato and Leonardo Astrada.

[29] The club's quickly amassed debt would spiral out of control, soon they would be unable to pay player's salaries and do other investments, which resulted in poor field performance.

Within 72 seconds of Galatto saving the penalty 17-year-old Anderson had made a run down the left flank to slot the ball into the back of the net to score Grêmio's winning goal.

This also pumped up the fans who even after a heavy 3–0 away defeat to Boca Juniors formed huge lines to buy tickets for the final game in Porto Alegre.

A short lived but initially successful run, Machado's time with Grêmio saw them qualify for the 2016 Copa Libertadores with a finish in the Campeonato Brasileiro in 3rd place.

Renato Portaluppi replaced him and under his guidance a resurgent Grêmio became champions of the Copa do Brasil against Atlético Mineiro in a 4–2 aggregate score, making them the Brazilian club with the most titles in this tournament (5).

Luan was named the player of the tournament, while goalkeeper Marcelo Grohe performed spectacularly with a heroic, almost impossible save in the semi-final match against Barcelona Sporting Club.

Grêmio once again finished 4th in the 2018 Campeonato Brasileiro securing a place in the Copa Libertadores de América having been knocked out in the semi-final of the tournament on goal-difference in 2018 by a late River Plate goal to end the match 2–2.

It took CONMEBOL 2 days to deliberate, deciding that the result should stand, with Gallardo receiving a $50,000 fine and a 4-match suspension (1 from the Bombonera Stadium for the first leg of the Libertadores final against Boca Juniors and 3 subsequent touchline bans).

[39] The 2020 saw a decline on the performance of the team, while they were able to secure the Campeonato Gaúcho, they finished in 6th in the Brasileirão which didn't guarantee their berth to the Libertadores for the first time since 2013, having to play at the qualifying stages.

[41] Portaluppi's replacement was Tiago Nunes, with whom Grêmio qualified for the next phase of the Copa Sudamericana and won the Campeonato Gaúcho in the final played against Internacional.

However, the COVID-19 pandemic caused various infections among the squad, which combined with a series of expensive yet supbar hirings, lack organization at the football department (previously heavily depedent on Renato Portaluppi's decisions), as well as other factors[42] resulted in a weak performance at the 2021 Campeonato Brasileiro, getting just two points from seven games and dropping to bottom of the league table.

Nunes was fired and replaced with Luiz Felipe Scolari, in turn, also failed to lead the club out of the relegation zone and ended up leaving by mutual agreement after three months of work.

[45][46] After a weak start in the 2022 Campeonato Gaúcho, Mancini was fired and replaced with Roger Machado, who led to the team to a fifth Gauchão title in sequence after a victory against rival's Internacional in the semi-finals and the finals against Ypiranga.

The partnership lasted until early 1983, when, on account of the brilliant moment that had been living in their history, the Grêmio has signed a contract with a German Adidas to supply sports material.

This turn in their campaigns unprecedentedly exchanged their traditional red logo for black, because this color belongs to Internacional, its biggest rival, and it was vetoed by Grêmio.

Sponsorship of Penalty and Coca-Cola persisted with Grêmio for nearly a decade until, in 1995, the soft drink brand left the main sponsor of the shirts, which was assumed by Tintas Renner, a paint manufacturer, until 1997.

In 2011, once again changing the supplier of sports equipment occurs, this time taking the Brazilian Topper, under the value of €4.8 million per season, which operates in the South American market, with a contract until the end of 2014.

The club also rents the Estádio Antônio Vieira Ramos in the city of Gravataí, in the metropolitan region of Porto Alegre, as the home stadium for its women's team.

The group was created during the year 2001 with Grêmio fans watching games from the seats behind the southern goal at Estádio Olímpico Monumental (an area of the stands called "Geral", as in "general", where tickets had lower costs).

The fans were inspired by neighbouring Argentina's and Uruguay's hinchadas and barras bravas, an experience coming from trips to Copa Libertadores away games and cultural links between Rio Grande do Sul and those countries.

A unique and traditional feature of the crowd is running down the stand (a movement called the "avalanche"), pressing against the fence when a goal is scored as a way to also embrace the players in celebration.

[74][75] However, the group was relatively accepted by Grêmio's regular fans and supporters as their founding coincided with the end of a long drought and a streak of titles, which gave Goligay the fame of being a "lucky charm".