 In 1948, they were invited to the South American Championship of Champions and finished fourth where clubs from seven of the then nine CONMEBOL football associations participated.Club Centro Deportivo Municipal was founded upon the initiative of three municipal directors of Lima, who intended to have a football team representing the municipality of the city.Thus Círculo Deportivo Municipal was formed, which in 1934 merged with another team to create Centro Deportivo Municipal, participating in the promotion tournament in 1935.