CONMEBOL competition for previous Supercopa winners. It was held twice: in 1992 and as the 1994 edition, whose matches were played in March 1995.
| Season | Copa Master de la Supercopa winner | Runner-up | Trophy |
|---|---|---|---|
| 1994 Two-legged final The edition was decided in the stated format. | Cruzeiro | Club Olimpia Final matches: 0-0 and 1-0; aggregate: 1-0. The 1994 edition was played in March 1995. | — |
| 1992 Single-match final The edition was decided in the stated format. | Boca Juniors | Cruzeiro Final result: 2-1. | — |
