| Competition: | Primera División |
| Season: | 1932 |
| Dates: | 13 March 1932 – 28 January 1933 |
| Winners: | Sportivo Barracas (AFA) River Plate (LAF) |
| Prevseason: | 1931 |
| Nextseason: | 1933 |
The 1932 Primera División was the 41st season of top-flight football in Argentina. It continued with both associations organising tournaments: the official AFA season, contested between March 13 and November 13, used the same format as the previous season: a double round-robin format with no relegation at the end of the tournament. The dissident Liga Argentina de Football (LAF, the professional one) started on March 20, with two relegations programmed although a change of rules determined that only Sportivo Palermo was relegated to the second division.
Sportivo Barracas won the amateur Asociación Argentina de Football (AFA) title[1] while River Plate won its second Primera División title after a decisive playoff against Independiente. Víctor Caamaño was the coach of the champion. The topscorer of the LAF was Bernabé Ferreyra of River Plate, who scored 43 goals.[2]
| Competition: | Primera División (AFA) |
| Season: | 1932 |
| Dates: | 20 March 1932 – 28 January 1933 |
| Winners: | Sportivo Barracas (1st title) |
| League Topscorer: |  Juan Carlos Irurieta (All Boys) (23 goals) |
| Biggest Home Win: | Def. Belgrano 5–0 N. Chicago |
| Biggest Away Win: | Almagro 0–5 Sp. Barracas |
| Highest Scoring: | Def. Belgrano 3–5 El Porvenir Sp. B. Aires 35 Colegiales |
| Prevseason: | 1931 |
| Nextseason: | 1933 |
| Competition: | Primera División (LAF) |
| Season: | 1932 |
| Dates: | 13 March – 20 November |
| Winners: | River Plate (2nd title) |
| Relegated: | (none) |
| Matches: | 306 |
| Total Goals: | 1075 |
| League Topscorer: | Bernabé Ferreyra (43 goals) |
| Biggest Home Win: | Boca 7–0 Quilmes |
| Biggest Away Win: | Atlanta 1–6 GELP |
| Highest Scoring: | San Lorenzo 8–2 Tigre |
| Prevseason: | 1931 |
| Nextseason: | 1933 |
After River Plate and Independiente finished tied on points, a match was held to define a champion.
| Series | width=100px | Team 1 | Res. | width=100px | Team 2 | Venue | City |
|---|---|---|---|---|---|---|---|
| Final | River Plate |
| GK | Sebastián Sirni | |||
| DF | Roberto Basílico | |||
| DF | Alberto Cuello | |||
| MF | Carlos Santamaría | |||
| MF | Manuel Dañil | |||
| MF | Esteban Malazzo | |||
| FW | Ricardo Zatelli | |||
| FW | Pedro Lago | |||
| FW | Bernabé Ferreyra | |||
| FW | Carlos Peucelle | |||
| FW | Nazareno Luna | |||
| Manager: | ||||
| Víctor Caamaño | ||||
| GK | Atilio Maccarone | |||
| DF | Luis María Fazio | |||
| DF | Fermín Lecea | |||
| MF | Juan Ferrou | |||
| MF | Juan C. Corazzo | |||
| MF | Emilio Almiñana | |||
| FW | Roberto Porta | |||
| FW | Antonio Sastre | |||
| FW | Manuel Seoane | |||
| FW | Manuel Ramos | |||
| FW | Juan Betinotti | |||
| Manager: | ||||
| Zoilo Canavery | ||||