| Event: | 1999 Copa Toyota Libertadores |
| Team1: | Deportivo Cali |
| Team2: | Palmeiras |
| Team1association: |  |
| Team2association: |  |
| Team1score: | 2 |
| Team2score: | 2 |
| Team1score1: | 1 |
| Team2score1: | 0 |
| Team1score2: | 1 |
| Team2score2: | 2 |
| Firstleg: | First leg |
| Secondleg: | Second leg |
| Date1: | 2 June 1999 |
| Date2: | 16 June 1999 |
| Stadium1: | Estadio Olímpico Pascual Guerrero |
| Stadium2: | Estádio Palestra Itália |
| City1: | Cali |
| City2: | São Paulo |
| Attendance2: | 32,000 |
| Referee1: | Mario Sánchez |
| Referee2: | Ubaldo Aquino |
| Previous: | 1998 |
| Next: | 2000 |
The 1999 Copa Libertadores final was a two-legged football match-up to determine the 1999 Copa Libertadores champion. It was contested by Brazilian club Palmeiras and Colombian club Deportivo Cali. The first leg was played at Estadio Olímpico Pascual Guerrero in Cali while the second leg was played at Estádio Palestra Itália (also known as "Parque Antarctica") of São Paulo.
After the series finished in a 2–2 tie on aggregate, Palmeiras was crowned champion by penalty shoot-out.[1] [2]
| Team | Previous finals appearances (bold indicates winners) | |
|---|---|---|
| Deportivo Cali | 1978 | |
| Palmeiras | 1961, 1968 |
| Palmeiras | Deportivo Cali | |||||
|---|---|---|---|---|---|---|
| Vasco da Gama H 1–1 | Oséas 41' | Round of 16 First leg | Colo-Colo H 2–0 | Bonilla 3' Zapata 12' (pen.) | ||
| Vasco da Gama A 4–2 | Paulo Nunes 28' Alex 31', 48' Arce 50' | Second leg | Colo-Colo A 0–1 | |||
| Corinthians H 2–0 | Oséas 19' Rogério 67' | Quarterfinals First leg | Bella Vista H 2–1 | Zapata 40' Bonilla 67' | ||
| Corinthians A 0–2 (p. 4–2) | Second leg | Bella Vista A 1–1 | Bonilla 79' | |||
 River Plate A 0–1 | Semifinals First leg | Cerro Porteño H 4–0 | Castillo 35' Candelo 46' Córdoba 86' Pérez 88' | |||
| River Plate H 3–0 | Alex 16', 87' Roque Junior 18' | Second leg | Cerro Porteño A 2–3 | Candelo 27' Bonilla 89' | ||
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| Assistant referees: Juan Riquelme Héctor Poblete Fourth official: Guido Aros |
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| Assistant referees: Miguel Giacomuzzi Néstor González Fourth official: Robert Troxler |
