The 1972 Copa Libertadores de América Finals was the final two-legged tie to determine the champion of the 1972 edition of Copa Libertadores. It was contested by Argentine club Independiente and Peruvian club Universitario. The first leg of the tie was played on May 17 at Estadio Nacional in Lima with the second leg played on May 24 at Estadio de Independiente in Avellaneda.