The 1979 Intercontinental Cup was a football final played on a two-legged system. It was the last time in the history of the Cup that this format was used before Toyota became the main sponsor in 1980 and a single-game final was held each year in Japan. The final was played between Olimpia Asunción of Paraguay (winners of the 1979 Copa Libertadores and Malmö FF of Sweden (runners-up of the European Cup 1978–79), with Olimpia emerging as the champion after an aggregate score of 3-1. Since the European champion Nottingham Forest F.C. declined to play the final, Malmö FF took its place as the runners-up of the European competition.