The 1987 Copa Libertadores de América Finals was the final two-legged tie to determine the 1987 Copa Libertadores champion. It was contested by Uruguayan club Peñarol and Colombian club América de Cali. The first leg of the tie was played on 21 October at Estadio Olímpico Pascual Guerrero of Cali, while the second leg was played on 28 October at Estadio Centenario in Montevideo.