International CONMEBOL club competition for invited clubs from the southern part of South America, played from 1998 to 2001. The Copa Mercosur ran in parallel with the Copa Merconorte and was an immediate predecessor of the Copa Sudamericana, introduced in 2002.
| Season | Copa Mercosur winner | Runner-up | Trophy |
|---|---|---|---|
| 2001 Two-legged final The final was decided over two legs. | San Lorenzo | Flamengo Final matches: 0-0 and 1-1; San Lorenzo won 4-3 on penalties. The second leg scheduled for December 19, 2001 was postponed because of unrest in Argentina and played on January 24, 2002; it remains part of the 2001 edition. |  |
| 2000 Final series with deciding match After one win apiece, the final series was decided in a third match. | Vasco da Gama | Palmeiras Final matches from the winner’s perspective: 2-0 and 0-1. As each club won one match, a third match decided the title; Vasco da Gama recovered from 0-3 down to win it 4-3. | |
| 1999 Two-legged final The final was decided over two legs. | Flamengo | Palmeiras Final matches: 4-3 and 3-3; aggregate: 7-6. | |
| 1998 Final series with deciding match After one win apiece, the final series was decided in a third match. | Palmeiras | Cruzeiro Final matches from the winner’s perspective: 1-2 and 3-1. As each club won one match, a third match decided the title; Palmeiras won it 1-0. | |
