On 17 October 2019, CONMEBOL announced that the final would be played at the Maracanã in Rio de Janeiro, Brazil on 21 November 2020. Brazilian club Palmeiras defeated fellow Brazilian club Santos by a 1–0 score in the final to win their second tournament title. As champions, Palmeiras qualified for the 2020 FIFA Club World Cup in Qatar, and earned the right to play against the winners of the 2020 Copa Sudamericana in the 2021 Recopa Sudamericana. They also automatically qualified for the 2021 Copa Libertadores group stage. Flamengo were the defending champions, but were eliminated by Racing in the round of 16.