
VenuesThe tournament was played in four venues in three cities, all in the Metropolitan Area of Medellín:
Match officialsA total of 10 referees and 10 assistant referees were appointed for the tournament.
FormatThe same format as last year was used:
- The 12 teams were divided into three groups of four in the first stage, where each group was played on a round-robin basis.
- The winners of each group and the best runner-up among all groups advanced to the second stage, which were played on a single-elimination basis.
- The semifinal matchups were:
- *Group A winner vs. Group B winner
- *Group C winner vs. Best runner-up
- The semifinal winners and losers played in the final and third place match respectively.
DrawThe draw of the tournament was held on 16 October 2015 during the CONMEBOL Executive Committee meeting at the Hyatt Hotel in Santiago, Chile. The 12 teams were drawn into three groups of four containing one team from each of the four seeding pots.
| Pot 1 | Pot 2 | Pot 3 | Pot 4 |

First stageThe schedule of the tournament was announced on 20 October 2015. The teams were ranked according to points. If tied on points, tiebreakers would be applied in the following order:
- Goal difference in all games;
- Goals scored in all games;
- Head-to-head result in games between tied teams;
- Drawing of lots.
All times local, COT.
Group A---- São José v Cerro Porteño was suspended after 50 minutes due to heavy rain. It was resumed on 1 November 2015, 14:15, at the Estadio Atanasio Girardot, Medellín. ----
Group B---- ----
Group C---- ----
Second stageIf tied after regulation time, the penalty shoot-out would be used to determine the winner.
Semifinals----
FinalColo-Colo played in their third final. They lost in 2011 and won the trophy in 2012. For Ferroviária it was their first final. As in every previous edition, a Brazilian team was playing in the final.
Top goalscorersCatalina Usme won the top-scorer award with eight goals in three matches.
| Rank | Player | Team | Goals | | 1 | 
|
|
|