| Luis Vargas Peña | |
| Fullname: | Luis Vargas Peña |
| Birth Date: | 1905 |
| Birth Place: | Paraguay |
| Death Date: | 1994 |
| Position: | Forward |
| Nationalteam1: | Paraguay |
Luis Vargas Peña (1905 in Asunción–1994) was one of the greatest Paraguayan footballers (wingers) before the Second World War. He was the first Paraguayan to score a goal for the Paraguay national football team in a FIFA World Cup, accomplishing that in a match valid for the group stage of the 1930 FIFA World Cup against Belgium, played on 20 July. Vargas Peña also had the honour of being the first captain for Paraguay in a World Cup.
During most of his career he played for the club Olimpia Asunción.
Paraguay's goal tally first
| 1. | 3 November 1926 | 1–5 | 1–5 | 1926 South American Championship | ||
| 2. | 20 July 1930 | 1–0 | 1–0 | 1930 FIFA World Cup | ||