| Tourney Name: | South American Championship |
| Country: | Uruguay |
| Year: | 1923 |
| Dates: | 29 October – 2 December |
| Num Teams: | 4 |
| Confederations: | 1 |
| Venues: | 1 |
| Cities: | 1 |
| Champion: | Uruguay |
| Count: | 4 |
| Second: | Argentina |
| Third: | Paraguay |
| Third-Flagvar: | 1842 |
| Fourth: | Brazil |
| Fourth-Flagvar: | 1889 |
| Matches: | 6 |
| Goals: | 18 |
| Top Scorer: |  Vicente Aguirre Pedro Petrone (3 goals each) |
| Prevseason: | 1922 |
| Nextseason: | 1924 |
The seventh edition of the South American Championship was held in Montevideo, Uruguay from 29 October to 2 December 1923.
The participating countries were Argentina, Brazil, Paraguay and Uruguay. Chile withdrew for the second time since the tournament was created.
The tournament was also used as a qualifier for the 1924 Summer Olympics.
For a complete list of participants squads see: 1923 South American Championship squads
| Montevideo | |
|---|---|
| Estadio Gran Parque Central | |
| Capacity: 20,000 | |
Each team played one match 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 | 3 | 3 | 0 | 0 | 6 | 1 | +5 | 6 | |||||||||
| 3 | 2 | 0 | 1 | 6 | 6 | 0 | 4 | ||||||||||
| align=left | 3 | 1 | 0 | 2 | 4 | 6 | −2 | 2 | |||||||||
| align=left | 3 | 0 | 0 | 3 | 2 | 5 | −3 | 0 |
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3 goals
2 goals
Blas Saruppo
Nilo1 goals
Cesáreo Onzari