1962 Copa Libertadores finals

The 1962 Copa de Campeones finals was the final series of the 1962 staging of South American football's premier club competition, the Copa de Campeones, better known today as the Copa Libertadores. The showpiece event was contested between defending champions Peñarol and Santos. Two-time winners Peñarol were appearing in their third consecutive final, while Santos aimed to win the competition for the first time. Ten teams entered the competition in its third season and, due to the rules in place at the time, Peñarol received a bye into the semifinals and reached the final having won only one match in the semifinal round.

In the semi-finals, Peñarol drew 2-2 on points with rivals Nacional after they each won a match. A playoff was contested in order to break the tie; the match ended in a draw and Peñarol went through due to their better total goal difference. Santos went past the first round easily winning three of their matches and drawing once, while scoring an astonishing twenty goals and conceding six. The team contained players such as Coutinho, Pelé and Pepe, among others. In the semifinals, the ballet blanco dispatched Universidad Católica to earn a slot in the finals. Santos would go on to dethrone Peñarol after winning the playoff 3-0 to win the coveted trophy and become the second champions of this prestigious event.