The 1979 Copa América Final was the final match to determine the Copa América champion. The first leg was held on November 28 in Defensores del Chaco of Asunción. The second leg was held in Estadio Nacional of Santiago on November 5, while the play-off match was held on December 11 in Vélez Sarsfield's venue, José Amalfitani of Buenos Aires.
The final was played in the two-legged tie system, with the team earning more points being the champion. In case both teams finished tied on points, a play-off match would be played in neutral venue, which finally happened as Paraguay and Chile had won one game each.
After the play-off match also finished in a tie (0–0 with no extra time played), Paraguay was crowned champion on aggregate goals (3–1), winning its second title.
Paraguay won its second Copa América title, in the year when also a club team from the country, Olimpia, won its first Copa Libertadores. Some Olimpia players formed the basis of the national team that played the Copa América, with Alicio Solalinde, Hugo Talavera, Roberto Paredes, Evaristo Isasi and Carlos Kiese among them.