The Wanderpreis Cup was a cup contested by Grêmio and Fussball Club Porto Alegre. The cup was sponsored by Banco Alemão, a Brazilian bank. It was granted to the club which won three consecutive matches. Grêmio FBPA was the only club to win the Wanderpreis Cup three consecutive times.
The first edition of the Wanderpreis Cup was biannual.
Grêmio takes permanent possession of the first Wanderpreis Cup.
The second edition of the Wanderpreis Cup was annual. Even with the creation of the Liga Porto-Alegrense de Foot-Ball (LPAF) in 1910, the tournament was played until 1912.
Grêmio takes permanent possession of the second Wanderpreis Cup.