Cerro Porteño

Paraguay

Founded 1912·Semifinals (6 times) — no continental title yet

Cerro Porteño are among the clubs with the most all-time Libertadores appearances without ever winning the tournament. They've reached the semifinals on six separate occasions (1973, 1978, 1993, 1998, 1999 and 2011) — remarkable consistency for a club with no continental title.