1986 Copa Libertadores finals

The 1986 Copa Libertadores finals were the final matches of the 1986 Copa Libertadores, South America's primary club football competition. The two-legged event was contested between América de Cali of Colombia and River Plate of Argentina. The first leg was played at the Estadio Pascual Guerrero, Cali, on 22 October 1986 and the second leg was played on 29 October 1986 at the Estadio Monumental, Buenos Aires. River Plate were making their third appearance in a Copa Libertadores final, while América de Cali were appearing for the first time.

Each club needed to top two group stages to reach the final, playing ten matches in total. América de Cali won their initial group and then topped their semi-final group to progress to the final. River Plate also advanced from their preliminary group, but finished tied on points with reigning champions Argentinos Juniors in their semi-final group. A tiebreaker match was held to determine the remaining finalist, which ended goalless, ensuring River Plate's progression due to a better goal difference.

A crowd of 50,000 observed the first leg at the Estadio Pascual Guerrero, in which the visitors took the lead in the series courtesy of goals from Juan Gilberto Funes and Norberto Alonso. Roberto Cabañas pulled one back for América de Cali, but the score remained. Watched by a crowd of 76,857 at the Estadio Monumental, River Plate extended their aggregate lead in the second half thanks to a Funes goal. No further goals were scored, thus crowning River Plate as winners of their first Copa Libertadores.

• Bold indicates winning years

• 1996 Copa Libertadores finals – contested by same teams
• 1986 Intercontinental Cup
• 1986 Copa Interamericana

• Copa Libertadores 1986 at RSSSF
• Copa Libertadores 1986 at Bola na Area (In Portuguese)