The competition is organized by the governing body for South American football, CONMEBOL, who launched the league in 2017 as part of its Development Department's Evolution Program.

[5][6] The league consists of two phases: the regular season and the finals.

The winners of each zone then proceed to face each other in the finals to contest the league title.

The nation that earns the most points from the four matches that comprise the finals, wins the league.

The league did not take place at all in 2020 or 2021 due to the effects of the COVID-19 pandemic in South America.