1968 Copa Libertadores Finals
  
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| Event | 1968 Copa Libertadores de América | ||||||
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| Estudiantes won the playoff 2–0. | |||||||
| First Leg | |||||||
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| Date | May 2, 1968 | ||||||
| Venue | Estadio Jorge Luis Hirschi, La Plata | ||||||
| Referee | Esteban Marino (Uruguay) | ||||||
| Second Leg | |||||||
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| Date | May 7, 1968 | ||||||
| Venue | Estádio do Pacaembu, São Paulo | ||||||
| Referee | Domingo Massaro (Chile) | ||||||
The 1968 Copa Libertadores Finals was the final two-legged tie to determine the 1968 Copa Libertadores champion. It was contested by Argentine club Estudiantes and Brazilian club Palmeiras. The first leg of the tie was played on May 2 at Estudiantes' home field, with the second leg played on May 7 at Palmeiras'. Estudiantes and Palmeiras played in their 1st and 2nd Copa Libertadores finals, respectively. Palmeiras last appearance was in 1961, in which they were beaten by defending champions Peñarol. Estudiantes was appearing in their first ever final ever.
Estudiantes won the series after winning a tie-breaking playoff 2-0 at Montevideo's Estadio Centenario.
The finals will be played over two legs; home and away. The team that accumulates the most points —two for a win, one for a draw, zero for a loss— after the two legs will be crowned the champion. Should the two teams be tied on points after the second leg a playoff was at a neutral venue will become the next tie-breaker. Goal difference is going to be used as a last resort.
Palmeiras qualified to the 1968 Copa Libertadores as the 1967 Taça Brasil champions, defeating Náutico 2-0 in a playoff played at the Estádio do Maracanã. This was Palmeiras' second title in the competition. Estudiantes qualified as runners-up of the 1967 Torneo Nacional. The team did win the 1967 Metropolitano after defeating Copa Libertadores holders Racing Club.
Estudiantes was drawn into Group 1 alongside Independiente, winners of the 1964 and 1965 editions of this tournament, and Colombian sides Deportivo Cali and Millonarios. The pincharatas surprisingly cruised to the Second round, assuring qualification, with a match to spare, after a run of 4 consecutive victories and a tie. Estudiantes defeated Independiente 2-4 in Avellaneda and won 0-1 and 1-2 in Colombia against Millonarios and Deportivo Cali, respectively. A 3-0 victory at home against Deportivo Cali was followed by a 0-0 draw vs Millonarios, which assured Estudiantes place into the Second round. Estudiantes will beat Independiente 2-0 in their last match of this phase.
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