| 1962 Copa de Campeones finals | |
| Event: | 1962 Copa de Campeones de América |
| Team1: | Peñarol |
| Team2: | Santos |
| Team2association: |  |
| Details: | 2–2 on points Santos won after a play-off |
| Firstleg: | First leg |
| Team2score1: | 2 |
| Team1score1: | 1 |
| Date1: | 28 July 1962 |
| Stadium1: | Estadio Centenario |
| City1: | Montevideo |
| Referee1: | Carlos Robles (Chile) |
| Attendance1: | 48,105 |
| Secondleg: | Second leg |
| Team2score2: | 2 |
| Team1score2: | 3 |
| Date2: | 2 August 1962 |
| Stadium2: | Estadio Vila Belmiro |
| City2: | Santos |
| Referee2: | Carlos Robles (Chile) |
| Attendance2: | 18,000 |
| Secondlegreplay: | Play-off |
| Team1score3: | 0 |
| Team2score3: | 3 |
| Stadium3: | Estadio Monumental |
| City3: | Buenos Aires |
| Referee3: | Leo Horn (Netherlands) |
| Attendance3: | 60,000 |
| Previous: | 1961 |
| Next: | 1963 |
The 1962 Copa de Campeones finals was the final series of the 1962 staging of South American football's premier club competition, the Copa de Campeones, better known today as the Copa Libertadores. The showpiece event was contested between defending champions Peñarol and Santos. Two-time winners Peñarol were appearing in their third consecutive final, whereas Santos were seeking to win the competition for the first time. Ten teams entered the competition in its third season and, due to the rules in place at the time, Peñarol received a bye into the semifinals and reached the final having won only one match in the semifinal round.
In the semi-finals, Peñarol drew 2-2 on points with classic rivals Nacional after they each won a match. A playoff was contested in order to break the tie; the match ended in a draw and Peñarol went through due to their better total goal difference. Santos breezed past the first round winning three of their matches and drawing once, while scoring an astonishing twenty goals and conceding six. The team contained incredible figures such as the fabulous Coutinho, the legendary Pelé and the great Pepe, among others. In the semifinals, the ballet blanco dispatched Universidad Católica to earn a slot in the finals. Santos would go on to dethrone Peñarol after winning the playoff 3-0 to win the coveted throphy and become the second champions of this prestigious event.[1]
| Team | Previous finals appearances (bold indicates winners) | |
|---|---|---|
| Peñarol | 2 (1960, 1961) | |
| Santos | None |
The finals were played over two legs; home and away. The team that accumulated the most points —two for a win, one for a draw, zero for a loss— after the two legs would be crowned champion. Unlike the previous two editions however, should the two teams be tied on points after the second leg a playoff was at a neutral venue would become the next tie-breaker. Goal difference was going to be used as a last resort.
| GK | Luis Maidana | |||
| RB | Juan Vicente Lezcano (c) | |||
| CB | Núber Cano | |||
| LB | Edgardo González | |||
| RH | Roberto Matosas | |||
| LH | Omar Caetano | |||
| OR | ||||
| IR | José Sasía | |||
| CF | Angel Cabrera | |||
| IL |  Alberto Spencer | |||
| OL |  Juan Joya | |||
| Manager: | ||||
 Béla Guttman | ||||
| width=25 | ! | width=25 | ||
|---|---|---|---|---|
| GK | Gilmar | |||
| RB | Mauro | |||
| CB | Calvet | |||
| LB | Lima | |||
| RH | Zito | |||
| LH | Dalmo | |||
| OR | Dorval (c) | |||
| IR | Mengálvio | |||
| CF | Pagão | |||
| IL | Coutinho | |||
| OL | Pepe | |||
| Manager: | ||||
| Lula | ||||
| GK | Gilmar | |||
| RB | Mauro | |||
| CB | Calvet | |||
| LB | Lima | |||
| RH | Zito | |||
| LH | Dalmo | |||
| OR | Dorval (c) | |||
| IR | Mengálvio | |||
| CF | Pagão | |||
| IL | Coutinho | |||
| OL | Pepe | |||
| Manager: | ||||
| Lula | ||||
| width=25 | ! | width=25 | ||
|---|---|---|---|---|
| GK | Luis Maidana | |||
| RB | Juan Vicente Lezcano (c) | |||
| LB | Núber Cano | |||
| RH | Edgardo González | |||
| CH | Roberto Matosas | |||
| LH | Omar Caetano | |||
| OR | Carlos Fernández | |||
| IR | Pedro Virgilio Rocha | |||
| CF | José Sasía | |||
| IL | Alberto Spencer | |||
| OL | Juan Joya | |||
| Manager: | ||||
| Béla Guttman | ||||
| GK | Gilmar | |||
| RB | Mauro | |||
| CB | Calvet | |||
| LB | Lima | |||
| RH | Zito | |||
| LH | Dalmo | |||
| OR | Dorval (c) | |||
| IR | Mengálvio | |||
| CF | Coutinho | |||
| IL | Pelé | |||
| OL | Pepe | |||
| Manager: | ||||
| Lula | ||||
| width=25 | ! | width=25 | ||
|---|---|---|---|---|
| GK | Luis Maidana | |||
| RB | Juan Vicente Lezcano (c) | |||
| CB | Núber Cano | |||
| CB | Omar Caetano | |||
| LB | Néstor Gonçalves | |||
| RH | Edgardo González | |||
| LH | ||||
| OR | Pedro Virgilio Rocha | |||
| CF | Alberto Spencer | |||
| CF | José Sasía | |||
| OL | Juan Joya | |||
| Manager: | ||||
| Béla Guttman | ||||