| Nextseason: | 1997 |
| Liga Sudamericana de Básquetbol | |
| Season: | 1996 |
| Champions: |  Olimpia |
| Runners Up: |  Corinthians |
| Semifinalists: | Dharma Yara Franca Rio Claro |
| Teams: | 16 |
| Dates: | 6 February – 1 May 1996 |
The 1996 Liga Sudamericana de Básquetbol, or 1996 FIBA South American League, was the first edition of the second-tier tournament for professional basketball clubs from South America. The tournament began on 6 February 1996 and finished on 1 May 1996. Argentine club Olimpia won the tournament, defeating Brazilian club Corinthians in the Grand Finals.
Teams were split into four groups of four teams each and played each other in a home-and-away round-robin format. The top two teams from each group advanced to the final stage, a best-of-three direct playoff elimination where the champion was decided.
| Country | Team |
|---|---|
| | Independiente de General Pico |
| Olimpia | |
 | Ingavi de La Paz |
| | Corinthians |
| Dharma Yara Franca | |
| Rio Claro | |
| Universidad de Concepción | |
| Universidad de Temuco | |
 | Caimanes de Barranquilla |
 | Filanbanco |
| Sol de América | |
 | Regatas Lima |
| Aguada | |
| Hebraica y Macabi | |
 | Cocodrilos de Caracas |
Season MVP: Jorge Racca