The 1976 Copa Libertadores Finals was the final two-legged tie to determine the 1976 Copa Libertadores champion. It was contested by Argentine club River Plate and Brazilian club Cruzeiro Esporte Clube. The first leg of the tie was played on July 21 at Cruzeiro' home field, with the second leg played on July 28 at River'. Cruzeiro and Boca Juniors played in their 1st Copa Libertadores finals.
The finals will be played over two legs; home and away. The team that accumulates the most points —two for a win, one for a draw, zero for a loss— after the two legs will be crowned the champion. Should the two teams be tied on points after the second leg a playoff was at a neutral venue will become the next tie-breaker. Goal difference is going to be used as a last resort.
River Plate was drawn into Group 1 alongside Estudiantes de La Plata, runners-up of the 1975 Metropolitano Championship, and Venezuelan sides Portuguesa and Deportivo Galicia. The millonarios cruised to the Semifinals after winning five of six matches, and losing just one. River won the three matches played at your home ground, scoring seven gols and suffering just two. River also won the two matches in Venezuela, against Portuguesa and Deportivo Galicia, by 2-0 and 1-0 respectively. The only defeat was against Estudiantes, in La Plata, by 0-1.
Cruzeiro was drawn into Group 3. They were joined by fellow Brazilian club Internacional and Paraguayan outfits Olimpia and Sportivo Luqueño. Like River Plate, Cruzeiro made a campaign with five wins in six matches, with the difference that the Brazilian club tied a game instead of losing. Cruzeiro won the three matches played at your home ground scoring thirteen goals and suffering six. Cruzeiro also won Internacional in Porto Alegre and Sportivo Luqueño in Luque, but tied 2-2 against Olimpia in Asunción.
The Semifinals round was another group phase. Cruzeiro were drown in Group 1 alongside LDU Quito and Alianza Lima. This time, Cruzeiro won all their four matches including the historic 7-1 drubbing against Alianza Lima. It was the first game after the death of striker Roberto Batata, killed in an automobile accident. To honor his companion, players of Cruzeiro scored seven goals, which is the number of the shirt that was worn by Batata. Cruzeiro advanced to the finals with a 100% success.
In the Semifinals, River Plate played against defending champions Independiente and the Uruguayan club Peñarol. The two Argentine clubs finished tied on stage five points apiece, necessitating a playoff, where River Plate won Independiente by 1-0.