The seventh edition of the South American Championship was held in Montevideo, Uruguay from 29 October to 2 December 1923.
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
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.
3 goals
2 goals
1 goals