2025 Copa Libertadores final stages
The 2025 Copa Libertadores final stages were played from 12 August to 29 November 2025. A total of 16 teams competed in the [|final] stages deciding the champions of the 2025 Copa Libertadores, with the final played at Estadio Monumental in Lima, Peru.
Qualified teams
The winners and runners-up of each of the eight groups in the group stage advanced to the round of 16.| Group | Winners | Runners-up |
| A | Estudiantes | Botafogo |
| B | River Plate | Universitario |
| C | [L.2025 Copa Libertadores group stage|D.U. Quito|LDU Quito] | Flamengo |
| D | São Paulo | Libertad |
| E | Racing | Fortaleza |
| F | Internacional | Atlético Nacional |
| G | Palmeiras | Cerro Porteño |
| H | Vélez Sarsfield | Peñarol |
Seeding
Starting from the round of 16, the teams were seeded according to their results in the group stage, with the group winners seeded 1–8, and the group runners-up seeded 9–16.
Format
Starting from the round of 16, the teams played a single-elimination tournament with the following rules:
- In the round of 16, quarter-finals and semi-finals, each tie was played on a home-and-away two-legged basis, with the higher-seeded team hosting the second leg. If tied on aggregate, extra time would not be played, and a penalty shoot-out would be used to determine the winners.
- The final was played as a single match at a venue pre-selected by CONMEBOL, with the higher-seeded team designated as the "home" team for administrative purposes. If tied after regulation, 30 minutes of extra time would be played. If still tied after extra time, a penalty shoot-out would be used to determine the winners.
Draw
The draw for the round of 16 was held on 2 June 2025, 12:00 PYT at the CONMEBOL headquarters in Luque, Paraguay. For the round of 16, the 16 teams were drawn into eight ties between a group winner and a group runner-up, with the group winners hosting the second leg. Teams from the same association or the same group could be drawn into the same tie.
Bracket
The bracket starting from the round of 16 was determined as follows:| Round | Matchups |
| Round of 16 |
|
| Quarter-finals |
|
| Semi-finals |
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| Finals |
|
The bracket was decided based on the round of 16 draw, which was held on 2 June 2025.
Round of 16
Summary
The first legs were played on 12–14 August, and the second legs were played on 19–21 August 2025.Matches
Tied 1–1 on aggregate, São Paulo won on penalties and advanced to the quarter-finals.----
Vélez Sarsfield won 2–0 on aggregate and advanced to the quarter-finals.
----
Flamengo won 3–0 on aggregate and advanced to the quarter-finals.
----
Palmeiras won 4–0 on aggregate and advanced to the quarter-finals.
----
Tied 1–1 on aggregate, River Plate won on penalties and advanced to the quarter-finals.
----
Estudiantes won 1–0 on aggregate and advanced to the quarter-finals.
----
Racing won 3–2 on aggregate and advanced to the quarter-finals.
----
''LDU Quito won 2–1 on aggregate and advanced to the quarter-finals.''
Quarter-finals
Summary
The first legs were played on 16–18 September, and the second legs were played on 23–25 September 2025.Matches
LDU Quito won 3–0 on aggregate and advanced to the semi-finals.----
Racing won 2–0 on aggregate and advanced to the semi-finals.
----
Tied 2–2 on aggregate, Flamengo won on penalties and advanced to the semi-finals.
----
''Palmeiras won 5–2 on aggregate and advanced to the semi-finals.''
Semi-finals
Summary
The first legs were played on 22 and 23 October, and the second legs were played on 29 and 30 October 2025.Matches
Palmeiras won 4–3 on aggregate and advanced to the final.----
''Flamengo won 1–0 on aggregate and advanced to the final.''