The 1994 Copa Libertadores was the 35th edition of the Copa Libertadores, CONMEBOL's premier annual international competition. Vélez Sársfield won the tournament for their first title against São Paulo in a penalty shootout with a score of 5–3. Vélez's goalkeeper José Chilavert scored one of the penalty kicks and saved another one. The top scorer of the tournament was Stalin Rivas of Minervén S.C., with 7 goals.
This was the first time since 1986 that an Argentine club won the Libertadores again after a negative streak of 7 years. This bad streak would repeat from the 2019 edition until 2025 edition.
First Phase
Legend: <small>Pts: Points; P: Played games; W: Won games; D: Drawn games; L: Lost games; F: Goals in favor; A: Goals against; D: Difference.</small>
Group 1
{|
|
{| class="wikitable" style="text-align: center;"
|-
!width="180"|Team
!width="20"|Pld
!width="20"|W
!width="20"|D
!width="20"|L
!width="20"|GF
!width="20"|GA
!width="20"|GD
!width="20"|Pts
|-
|- align=center bgcolor=#D0FFE7
|align=left| Independiente Medellín
|6||3||2||1||6||1||+5||8
|-
|- align=center bgcolor=#D0FFE7
|align=left| Olimpia
|6||3||2||1||5||3||+2||8
|-
|- align=center bgcolor=#D0FFE7
|align=left| Junior
|6||2||1||3||4||5||-1||5
|-
|- align=center
|align=left| Cerro Porteño
|6||1||1||4||4||10||-6||3
|-
|}
|
{| class="wikitable" style="text-align:center"
|-
!width="100"| !!width="50"|OLI!!width="50"|CPO!!width="50"|JUN!!width="50"|MED
|-
!Olimpia
|bgcolor="#CCCCCC"|
|bgcolor="#CFFFFF"|1 - 0
|bgcolor="#CFFFFF"|1 - 0
|bgcolor="#FFCFCF"|0 - 2
|-
!Cerro Porteño
|bgcolor="#FFCFCF"|1 - 3
|bgcolor="#CCCCCC"|
|bgcolor="#CFFFFF"|1 - 0
|bgcolor="#CFFFCF"|0 - 0
|-
!Junior
|bgcolor="#CFFFCF"|0 - 0
|bgcolor="#CFFFFF"|3 - 2
|bgcolor="#CCCCCC"|
|bgcolor="#FFCFCF"|0 - 1
|-
!I. Medellín
|bgcolor="#CFFFCF"|0 - 0
|bgcolor="#CFFFFF"|3 - 0
|bgcolor="#FFCFCF"|0 - 1
|bgcolor="#CCCCCC"|
|}
|}
Group 2
{|
|
{| class="wikitable" style="text-align: center;"
|-
!width="165"|Team
!width="20"|Pld
!width="20"|W
!width="20"|D
!width="20"|L
!width="20"|GF
!width="20"|GA
!width="20"|GD
!width="20"|Pts
|-
|- align=center bgcolor=#D0FFE7
|align=left| Vélez Sarsfield
|6||3||2||1||8||7||+1||8
|-
|- align=center bgcolor=#D0FFE7
|align=left| Cruzeiro
|6||3||1||2||7||8||-1||7
|-
|- align=center bgcolor=#D0FFE7
|align=left| Palmeiras
|6||3||0||3||14||7||+7||6
|-
|- align=center
|align=left| Boca Juniors
|6||1||1||4||7||14||-7||3
|-
|}
|
{| class="wikitable" style="text-align:center"
|-
!width="100"| !!width="50"|VEL!!width="50"|BOC!!width="50"|PAL!!width="50"|CRU
|-
!Vélez Sarsfield
|bgcolor="#CCCCCC"|
|bgcolor="#CFFFCF"|1 - 1
|bgcolor="#CFFFFF"|1 - 0
|bgcolor="#CFFFFF"|2 - 0
|-
!Boca Juniors
|bgcolor="#FFCFCF"|1 - 2
|bgcolor="#CCCCCC"|
|bgcolor="#CFFFFF"|2 - 1
|bgcolor="#FFCFCF"|1 - 2
|-
!Palmeiras
|bgcolor="#CFFFFF"|4 - 1
|bgcolor="#CFFFFF"|6 - 1
|bgcolor="#CCCCCC"|
|bgcolor="#CFFFFF"|2 - 0
|-
!Cruzeiro
|bgcolor="#CFFFCF"|1 - 1
|bgcolor="#CFFFFF"|2 - 1
|bgcolor="#CFFFFF"|2 - 1
|bgcolor="#CCCCCC"|
|}
|}
Group 3
{|
|
{| class="wikitable" style="text-align: center;"
|-
!width="165"|Team
!width="20"|Pld
!width="20"|W
!width="20"|D
!width="20"|L
!width="20"|GF
!width="20"|GA
!width="20"|GD
!width="20"|Pts
|-
|- align=center bgcolor=#D0FFE7
|align=left| Emelec
|6||3||1||2||9||5||+4||7
|-
|- align=center bgcolor=#D0FFE7
|align=left| Barcelona
|6||2||2||2||5||3||+2||6
|-
|- align=center bgcolor=#D0FFE7
|align=left| Universitario
|6||2||2||2||4||5||-1||6
|-
|- align=center
|align=left| Alianza Lima
|6||2||1||3||6||11||-5||5
|-
|}
|
{| class="wikitable" style="text-align:center"
|-
!width="100"| !!width="50"|EME!!width="50"|BSC!!width="50"|UNI!!width="50"|ALI
|-
!Emelec
|bgcolor="#CCCCCC"|
|bgcolor="#FFCFCF"|0 - 1
|bgcolor="#CFFFFF"|2 - 0
|bgcolor="#CFFFFF"|3 - 0
|-
!Barcelona
|bgcolor="#FFCFCF"|0 - 1
|bgcolor="#CCCCCC"|
|bgcolor="#CFFFCF"|0 - 0
|bgcolor="#CFFFFF"|3 - 0
|-
!Universitario
|bgcolor="#CFFFFF"|2 - 1
|bgcolor="#CFFFCF"|0 - 0
|bgcolor="#CCCCCC"|
|bgcolor="#FFCFCF"|0 - 1
|-
!Alianza Lima
|bgcolor="#CFFFCF"|2 - 2
|bgcolor="#CFFFFF"|2 - 1
|bgcolor="#FFCFCF"|1 - 2
|bgcolor="#CCCCCC"|
|}
|}
Group 4
{|
|
{| class="wikitable" style="text-align: center;"
|-
!width="165"|Team
!width="20"|Pld
!width="20"|W
!width="20"|D
!width="20"|L
!width="20"|GF
!width="20"|GA
!width="20"|GD
!width="20"|Pts
|-
|- align=center bgcolor=#D0FFE7
|align=left| Colo-Colo
|6||4||1||1||11||6||+5||9
|-
|- align=center bgcolor=#D0FFE7
|align=left| Unión Española
|6||3||1||2||6||6||0||7
|-
|- align=center bgcolor=#D0FFE7
|align=left| Defensor Sporting
|6||1||3||2||3||5||-2||5
|-
|- align=center
|align=left| Nacional
|6||1||1||4||5||8||-3||3
|-
|}
|
{| class="wikitable" style="text-align:center"
|-
!width="100"| !!width="50"|DEF!!width="50"|NAC!!width="50"|UES!!width="50"|COL
|-
!Defensor Sp.
|bgcolor="#CCCCCC"|
|bgcolor="#CFFFFF"|1 - 0
|bgcolor="#CFFFCF"|1 - 1
|bgcolor="#CFFFCF"|0 - 0
|-
!Nacional
|bgcolor="#CFFFCF"|1 - 1
|bgcolor="#CCCCCC"|
|bgcolor="#FFCFCF"|0 - 1
|bgcolor="#CFFFFF"|2 - 0
|-
!UE
|bgcolor="#CFFFFF"|1 - 0
|bgcolor="#CFFFFF"|1 - 0
|bgcolor="#CCCCCC"|
|bgcolor="#FFCFCF"|1 - 2
|-
!Colo-Colo
|bgcolor="#CFFFFF"|2 - 0
|bgcolor="#CFFFFF"|4 - 2
|bgcolor="#CFFFFF"|3 - 1
|bgcolor="#CCCCCC"|
|}
|}
Group 5
{|
|
{| class="wikitable" style="text-align: center;"
|-
!width="165"|Team
!width="20"|Pld
!width="20"|W
!width="20"|D
!width="20"|L
!width="20"|GF
!width="20"|GA
!width="20"|GD
!width="20"|Pts
|-
|- align=center bgcolor=#D0FFE7
|align=left| Bolívar
|6||3||3||0||9||2||+7||9
|-
|- align=center bgcolor=#D0FFE7
|align=left| The Strongest
|6||2||3||1||13||7||+6||7
|-
|- align=center bgcolor=#D0FFE7
|align=left| Minervén
|6||2||1||3||10||17||-7||5
|-
|- align=center
|align=left| Marítimo
|6||1||1||4||7||13||-6||3
|-
|}
|
{| class="wikitable" style="text-align:center"
|-
!width="100"| !!width="50"|BOL!!width="50"|STR!!width="50"|MIN!!width="50"|SMA
|-
!Bolívar
|bgcolor="#CCCCCC"|
|bgcolor="#CFFFCF"|0 - 0
|bgcolor="#CFFFFF"|4 - 0
|bgcolor="#CFFFFF"|2 - 1
|-
!The Strongest
|bgcolor="#CFFFCF"|0 - 0
|bgcolor="#CCCCCC"|
|bgcolor="#CFFFFF"|7 - 1
|bgcolor="#CFFFFF"|5 - 0
|-
!Minervén
|bgcolor="#CFFFCF"|1 - 1
|bgcolor="#CFFFFF"|5 - 0
|bgcolor="#CCCCCC"|
|bgcolor="#CFFFFF"|2 - 1
|-
!Sport Marítimo
|bgcolor="#FFCFCF"|0 - 2
|bgcolor="#CFFFCF"|1 - 1
|bgcolor="#CFFFFF"|4 - 1
|bgcolor="#CCCCCC"|
|}
|}
Final Phase
Finals
<br>
Champion
{| width=95%
|- align=center
|Copa Libertadores 1994:<br> <br />Vélez Sarsfield<br/>First Title
|}
External links
- Copa Libertadores de América 1994 results at RSSSF