From 02/04/1961 to 11/06/1961

Final

Peñarol
Palmeiras SP
1-0
1-1

Semi Finals Group A

Palmeiras SP
Independiente Santa Fé
2-2
4-1

Peñarol
Olimpia Asunción
3-1
2-1

Quarter Finals

Colo Colo
Olimpia Asunción
2-5
2-1

Peñarol
Universitario Lima
5-0
0-2

Palmeiras SP
Independiente
2-0
1-0

Independiente Santa Fé
Jorge Wilstermann
2-3
1-0

Notes :

The 1961 Copa de Campeones de América was the second season of the competition. 9 teams entered, with Venezuela not sending a representative.