The final was played in the two-legged tie system, with the team earning more points being the champion. In case both teams finished tied on points, a play-off match would be played in neutral venue, which finally happened as Paraguay and Chile had won one game each.
After the play-off match also finished in a tie (0–0 with no extra time played), Paraguay was crowned champion on aggregate goals (3–1), winning its second title.[2]
Paraguay won its second Copa América title, in the year when also a club team from the country, Olimpia, won its first Copa Libertadores. Some Olimpia players formed the basis of the national team that played the Copa América, with Alicio Solalinde, Hugo Talavera, Roberto Paredes, Evaristo Isasi and Carlos Kiese among them.[3]