These are the squads for the countries that played in the 1947 South American Championship. The participating countries were Argentina, Bolivia, Chile, Colombia, Ecuador, Paraguay, Peru and Uruguay. Brazil withdrew from the tournament. The teams plays in a single round-robin tournament, earning two points for a win, one point for a draw, and zero points for a loss.

Argentina Head Coach: Guillermo Stábile

Bolivia Head Coach: Diógenes Lara

Chile Head Coach: Luis Tirado

Colombia Head Coach:

Ecuador Head Coach: Ramón Unamuno

Paraguay Head Coach: Manuel Fleitas Solich

Peru Head Coach: José Arana Cruz

Uruguay Head Coach: Juan López Fontana

References