| Tournament details | |
|---|---|
| Host country | Argentina |
| Dates | 12 January – 10 February |
| Teams | 6 (from 1 confederation) |
| Venue | 3 (in 2 host cities) |
| Final positions | |
| Champions | |
| Runners-up | |
| Third place | |
| Fourth place | |
| Tournament statistics | |
| Matches played | 15 |
| Goals scored | 61 (4.07 per match) |
| Top scorer(s) | (7 goals) |
←1945 1947 → | |

The nineteenth edition of theSouth American Championship infootball was held inBuenos Aires,Argentina from 12 January to 10 February. This tournament, anextra edition with no trophy handed to the winners, is considered official byCONMEBOL.
The participating countries wereArgentina,Brazil,Bolivia,Chile,Paraguay, andUruguay.
Colombia,Ecuador, andPeru withdrew from the tournament.
| Buenos Aires | Avellaneda | |
|---|---|---|
| Estadio Monumental | Estadio Gasómetro | Estadio Independiente |
| Capacity:67,664 | Capacity:75,000 | Capacity: 57.858 |
Each team played against each of the other teams. Two points were awarded for a win, one point for a draw and zero points for a defeat.
| Team | Pld | W | D | L | GF | GA | GD | Pts |
|---|---|---|---|---|---|---|---|---|
| 5 | 5 | 0 | 0 | 17 | 3 | +14 | 10 | |
| 5 | 3 | 1 | 1 | 13 | 7 | +6 | 7 | |
| 5 | 2 | 1 | 2 | 8 | 8 | 0 | 5 | |
| 5 | 2 | 0 | 3 | 11 | 9 | +2 | 4 | |
| 5 | 2 | 0 | 3 | 8 | 11 | −3 | 4 | |
| 5 | 0 | 0 | 5 | 4 | 23 | −19 | 0 |
| Argentina | 2–0 | |
|---|---|---|
| De la Mata Martino |
| Argentina | 7–1 | |
|---|---|---|
| Labruna Méndez Salvini Loustau | Peredo |
| Brazil | 4–3 | |
|---|---|---|
| Jair Heleno Chico | Medina Vázquez |
| Paraguay | 4–2 | |
|---|---|---|
| Genés Benítez Cáceres Villalba | Coronel González |
| 1946 South American Championship champions |
|---|
Argentina Eighth title |
7 Goals
5 goals
4 goals
3 goals
2 goals
1 goal
Own goal