The1923 season of theParaguayan Primera División, the top category ofParaguayan football, was played by 10 teams. The national champions wereGuaraní.
| Pos | Team | Pld | W | D | L | GF | GA | GD | Pts |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Guaraní | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | Olimpia | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | Libertad | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 | Nacional | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5 | Atlántida | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6 | Cerro Porteño | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 7 | River Plate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 | Sol de América | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 | Presidente Hayes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 | Sastre | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |