| Tourney Name: | South American Championship |
| Country: | Argentina |
| Year: | 1946 |
| Dates: | 12 January – 10 February |
| Num Teams: | 6 |
| Confederations: | 1 |
| Venues: | 3 |
| Cities: | 2 |
| Champion: | Argentina |
| Count: | 8 |
| Second: | Brazil |
| Second-Flagvar: | 1889 |
| Third: | Paraguay |
| Third-Flagvar: | 1842 |
| Fourth: | Uruguay |
| Matches: | 15 |
| Goals: | 61 |
| Top Scorer: |  José María Medina (7 goals) |
| Prevseason: | 1945 |
| Nextseason: | 1947 |
The nineteenth edition of the South American Championship in football was held in Buenos Aires, Argentina from 12 January to 10 February. This tournament, an extra edition with no trophy handed to the winners, is considered official by CONMEBOL.
The participating countries were Argentina, Brazil, Bolivia, Chile, Paraguay, and Uruguay.
Colombia, Ecuador, and Peru withdrew from the tournament.
| Buenos Aires | Avellaneda | ||
|---|---|---|---|
| Estadio Monumental | Estadio Gasómetro de Boedo | Estadio Independiente | |
| Capacity: 67,664 | Capacity: 75,000 | Capacity: 57.858 | |
See main article: 1946 South American Championship squads.
Each team played against each of the other teams. Two points were awarded for a win, one point for a draw and zero points for a defeat.
| width=165 | Team | width=20 | width=20 | width=20 | width=20 | width=20 | width=20 | width=20 | width=20 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| align=left | 5 | 5 | 0 | 0 | 17 | 3 | +14 | 10 | |||||||||
| align=left | 5 | 3 | 1 | 1 | 13 | 7 | +6 | 7 | |||||||||
| align=left | 5 | 2 | 1 | 2 | 8 | 8 | 0 | 5 | |||||||||
| align=left | 5 | 2 | 0 | 3 | 11 | 9 | +2 | 4 | |||||||||
| align=left | 5 | 2 | 0 | 3 | 8 | 11 | −3 | 4 | |||||||||
| align=left | 5 | 0 | 0 | 5 | 4 | 23 | −19 | 0 |
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7 Goals
5 goals
4 goals
3 goals
Heleno
Araya Atilio Cremaschi2 goals
Adolfo Pedernera Juan C. Salvini Chico Jair1 goal
Vicente De la Mata Félix Loustau Rinaldo Martino Norival Juan Alcántara Santiago Salfate
Delfín Benítez Cáceres Alejandrino Genés Albino Rodríguez Porfirio Rolón José García José A. Vázquez Juan P. Riephoff Raúl SchiaffinoOwn goal
Doroteo Coronel (for Bolivia)