Palmeiras advanced Tuesday on away goals after a 1-1 draw at Atlético Mineiro. The first leg between the two finished 0-0.
Flamengo and Palmeiras will seek their third title in the Copa Libertadores. The two clubs have dominated Brazilian soccer since 2018, with heavy investments and talented young players.
Palmeiras secured its second South American title earlier this year in a 1-0 victory against Santos at the Maracanã Stadium. It was the club’s first South American crown since 1999.
Flamengo beat Argentina’s River Plate 2-1 in a thrilling final in 2019 to win its first South American title since 1981.
The will be the fourth all-Brazilian Copa Libertadores final, the second consecutive in the single-match format.
When teams played two legs, Sao Paulo beat Athletico in 2005 and lost to Internacional in 2006.
The Copa Sudamericana, the second most prestigious club tournament of the region, might also have an all-Brazilian final. Red Bull Bragantino advanced on Wednesday after beating Paraguay’s Libertad 5-1 on aggregate. Its opponent in the Nov. 20 final will come from the match between Brazil’s Athletico and Uruguay’s Peñarol, who will play on Thursday.