The seventh edition of the South American Championship was held in Montevideo, Uruguay from 29 October to 2 December 1923.
| Tournament details | |
|---|---|
| Host country | Uruguay |
| Dates | 29 October – 2 December |
| Teams | 4 (from 1 confederation) |
| Venue(s) | 1 (in 1 host city) |
| Final positions | |
| Champions |  Uruguay (4th title) |
| Runners-up |  Argentina |
| Third place |  Paraguay |
| Fourth place |  Brazil |
| Tournament statistics | |
| Matches played | 6 |
| Goals scored | 18 (3 per match) |
| Top scorer(s) | Vicente Aguirre Pedro Petrone (3 goals each) |
← 1922 1924 → | |
The participating countries were Argentina, Brazil, Paraguay and Uruguay. Chile withdrew for the second time since the tournament was created.
The tournament was also used as a qualifier for the 1924 Summer Olympics.
For a complete list of participants squads see: 1923 South American Championship squads
| Montevideo |
|---|
| Estadio Gran Parque Central |
| Capacity: 20,000 |
|
Each team played one match against each of the other teams. Two points were awarded for a win, one point for a draw and zero points for a defeat.
| Team | Pld | W | D | L | GF | GA | GD | Pts |
|---|---|---|---|---|---|---|---|---|
| Uruguay
|
3 | 3 | 0 | 0 | 6 | 1 | +5 | 6 |
| Argentina
|
3 | 2 | 0 | 1 | 6 | 6 | 0 | 4 |
| Paraguay
|
3 | 1 | 0 | 2 | 4 | 6 | −2 | 2 |
| Brazil
|
3 | 0 | 0 | 3 | 2 | 5 | −3 | 0 |
| Argentina | 4–3 | Paraguay |
|---|---|---|
Saruppo  18' Aguirre 58', 77', 86' |
Rivas 10' Zelada 49' Fretes 65' |
Referee: Angel Minoli (Uruguay)
| Uruguay | 2–0 | Paraguay |
|---|---|---|
| Scarone 11' Petrone 87' |
Referee: Servando Pérez (Argentina)
| Brazil | 0–1 | Paraguay |
|---|---|---|
| I. López 56' |
Referee: Servando Pérez (Argentina)
| Argentina | 2–1 | Brazil |
|---|---|---|
| Onzari 11' Saruppo 76' |
Nilo 15' |
Referee: Miguel Barba (Paraguay)
| Uruguay | 2–1 | Brazil |
|---|---|---|
| Petrone 56' Cea 75' |
Nilo 59' |
Referee: Servando Pérez (Argentina)
| Uruguay | 2–0 | Argentina |
|---|---|---|
| Petrone 28' Somma 88' |
Referee: Antônio Carneiro de Campos (Brazil)
| 1923 South American Championship champions |
|---|
 Uruguay Fourth title |
3 goals
Pedro Petrone2 goals
Blas Saruppo Nilo1 goals
Luis Fretes Ildefonso López Gerardo Rivas Agustín Zelada José Cea Héctor Scarone Pascual Somma