| Tournament details | |
|---|---|
| Teams | 16 (from 9 confederations) |
| Final positions | |
| Champions |  São Paulo (1st title) |
| Runners-up |  Peñarol |
| Tournament statistics | |
| Matches played | 30 |
| Top scorer(s) | Juninho Paulista Martín Rodríguez (5 goals each) |
The 1994 Copa CONMEBOL was the third edition of CONMEBOL's annual club tournament. Teams that failed to qualify for the Copa Libertadores played in this tournament. Sixteen teams from nine South American football confederations qualified for this tournament. as in 1993, Colombia sent no representatives. São Paulo defeated Peñarol in the finals.