Морумби
On 31 August 1994, in the club's second participation in the Copa Libertadores, they won the title by defeating defending champions São Paulo in the final. The first series final was played at the José Amalfitani Stadium, with Vélez winning 1–0 (goal by Omar Asad). The return game was played at the Estádio do Morumbi, with São Paulo winning by the same margin. The champion had to be defined via penalty shootout, with Vélez winning 5–3 (the last penalty was scored by Roberto Pompei).