1992年南美自由盃是第 33 届南美自由盃，为南美洲最顶级的足球球会赛事，由南美洲足球协会主办。
分组赛.
第 1 组.高路高路, as the previous year champions, should join the competition only in the Round of 16, but they requested to start the competition in the group stage, due to financial