| Tournament details | |
|---|---|
| Dates | March 6 – October 31 |
| Teams | 21 (from 10 associations) |
| Final positions | |
| Champions |  Peñarol (5th title) |
| Runners-up |  América de Cali |
| Tournament statistics | |
| Matches played | 76 |
| Goals scored | 207 (2.72 per match) |
| Top scorer(s) |  Ricardo Gareca (7 Goals) |
← 1986 1988 → | |
The 1987 Copa Libertadores was the 28th edition of the Copa Libertadores, CONMEBOL's annual international club tournament. Peñarol won the competition for their fifth title after beating América de Cali in the finals.