1991 Copa Libertadores Finals

Paraguay, officially the Republic of Paraguay, is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. It has a population of 7 million, nearly 3 million of whom live in the capital and largest city of Asunción, and its surrounding metro. Although one of only two landlocked countries in South America, Paraguay has ports on the Paraguay and Paraná rivers that give exit to the Atlantic Ocean, through the Paraná-Paraguay Waterway.

Club Olimpia is a Paraguayan professional sports club based in the city of Asunción. The club promotes the practice of various sports with most importance given to the football, rugby and basketball sides, the former being the highest priority and most successful. They were founded on July 25, 1902 by a group of young Paraguayans, and the name stems from the idea of its principal founding member, William Paats, a Dutchman based in Paraguay, who is considered the father of Paraguayan football for having introduced the practice of the sport in the South American country. Internationally, the club is referred to as Olimpia Asunción in order to distinguish itself from Latin American football clubs of the same name.

Chile, officially the Republic of Chile, is a country located in western South America. It is the southernmost country in the world and closest to Antarctica, stretching along a narrow strip of land between the Andes Mountains and the Pacific Ocean. With an area of 756,096 square kilometers (291,930 sq mi) and a population of 17.5 million as of 2017, Chile shares borders with Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage to the south. The country also controls several Pacific islands, including Juan Fernández, Isla Salas y Gómez, Desventuradas, and Easter Island, and claims about 1,250,000 square kilometers (480,000 sq mi) of Antarctica as the Chilean Antarctic Territory. The capital and largest city of Chile is Santiago, and the national language is Spanish.

Club Social y Deportivo Colo-Colo is a Chilean professional football club based in Macul, Santiago. Founded in 1925 by David Arellano they play in the Chilean Primera División, from which they have never been relegated. The team has played its home games at Estadio Monumental David Arellano since 1989. Colo-Colo is regarded as the most successful club of Chilean football.

Club Olimpia is a Paraguayan professional sports club based in the city of Asunción. The club promotes the practice of various sports with most importance given to the football, rugby and basketball sides, the former being the highest priority and most successful. They were founded on July 25, 1902 by a group of young Paraguayans, and the name stems from the idea of its principal founding member, William Paats, a Dutchman based in Paraguay, who is considered the father of Paraguayan football for having introduced the practice of the sport in the South American country. Internationally, the club is referred to as Olimpia Asunción in order to distinguish itself from Latin American football clubs of the same name.

Paraguay, officially the Republic of Paraguay, is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. It has a population of 7 million, nearly 3 million of whom live in the capital and largest city of Asunción, and its surrounding metro. Although one of only two landlocked countries in South America, Paraguay has ports on the Paraguay and Paraná rivers that give exit to the Atlantic Ocean, through the Paraná-Paraguay Waterway.

Chile, officially the Republic of Chile, is a country located in western South America. It is the southernmost country in the world and closest to Antarctica, stretching along a narrow strip of land between the Andes Mountains and the Pacific Ocean. With an area of 756,096 square kilometers (291,930 sq mi) and a population of 17.5 million as of 2017, Chile shares borders with Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage to the south. The country also controls several Pacific islands, including Juan Fernández, Isla Salas y Gómez, Desventuradas, and Easter Island, and claims about 1,250,000 square kilometers (480,000 sq mi) of Antarctica as the Chilean Antarctic Territory. The capital and largest city of Chile is Santiago, and the national language is Spanish.

Club Social y Deportivo Colo-Colo is a Chilean professional football club based in Macul, Santiago. Founded in 1925 by David Arellano they play in the Chilean Primera División, from which they have never been relegated. The team has played its home games at Estadio Monumental David Arellano since 1989. Colo-Colo is regarded as the most successful club of Chilean football.

Estadio Defensores del Chaco is a multi-purpose stadium in Asunción, Paraguay. It is currently used mostly for football matches. The stadium once had a 50,000+ capacity, however over the years the stadium has undergone remodeling, dropping the capacity to 42,354. It underwent renovations during 1939, 1996 and 2007. The stadium was again renovated in 2015. It has more than 100 years as a stadium. It is one of the places with most history in Paraguayan football. In 1960, the stadium was the venue of the first final of the Copa Libertadores. The stadium receives visits from the public from Monday to Friday from 8:30 to 12:00 and 14:00 to 16:00 with free access.

Asunción is the capital and the largest city of Paraguay.