The 1987 Copa América was the 33rd edition of the Copa América, CONMEBOL's national team competition. It was the first Copa América under the new rotational hosting system. Argentina, as the first country alphabetically, hosted the tournament between 27 June and 12 July. Uruguay successfully defended their title, winning a record 13th Copa América.
Squads
Venues
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! Buenos Aires
! Córdoba
! Rosario
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| Estadio<br>Monumental
| Estadio Olímpico<br>Chateau Carreras
| Estadio Gigante<br>de Arroyito
|-
| Capacity: 67,664
| Capacity: 46,083
| Capacity: 41,654
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| 120px
| 120px
| 120px
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Group stage
The teams were drawn into three groups, consisting of three teams each. Each team plays once against the other teams in their group and would receive 2 points for a win, 1 point for a draw, 0 points for a loss. The winner of each group advances to the semi-finals. Defending champions Uruguay received a bye into the semi-finals.
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Uruguay qualified automatically as holders for the semifinal.
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Group A
thumb|right|200px|Argentina v Peru match
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|2||1||1||0||4||1||+3||3
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|2||0||2||0||2||2||0||2
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|2||0||1||1||1||4||−3||1
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Group B
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|2||1||0||1||5||4||+1||2
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|2||0||0||2||1||8||−7||0
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Group C
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|- bgcolor=ccffcc
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|2||2||0||0||5||0||+5||4
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|2||0||1||1||0||2||−2||1
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|2||0||1||1||0||3||−3||1
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Knockout stage
Semi-finals
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Third-place match
Final
Champion
Statistics
Goalscorers
With four goals, Arnoldo Iguarán was the top scorer in the tournament.
Team of the Tournament
By El Gráfico.
{| class="wikitable"
!Goalkeepers
!Defenders
!Midfielders
!Forwards
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| Roberto Rojas
| Alfonso Dominguez
Nelson Gutiérrez
Rogelio Delgado
Luis Capurro
| Javier Chirinos
Sergio Batista
Carlos Valderrama
Diego Maradona
| Antonio Alzamendi
Careca
|}