Paraguay
Formed: 1906 Manager: Aurelio González
| Number | Name | Pos | Height | Weight | Date of Birth | Birth Place | Current Club |
| 1 | Ramon Mayeregger | G | 19-02-34 | Nacional | |||
| 2 | Edelmiro Arevalo | D | 07-01-29 | Olimpia [PAR] | |||
| 3 | Juan Vicente Lezcano | M | 05-04-37 | Asunción | Olimpia [PAR] | ||
| 4 | Ignacio Achúcarro | D | 31-07-36 | Asunción | Olimpia [PAR] | ||
| 5 | Salvador Villalba | M | 29-08-24 | Libertad | |||
| 6 | Eligio Echague | D | Olimpia [PAR] | ||||
| 7 | Juan Bautista Aguero | F | 24-06-35 | Olimpia [PAR] | |||
| 8 | José del Rosario Parodi | F | 5'10" | 11 00 | 30-08-32 | Luque | Olimpia [PAR] |
| 9 | Jorgelino Romero | F | 5'10" | 11 11 | 23-10-32 | Luque | Sol de America |
| 10 | Oscar Aguilera | F | 11-03-35 | Asunción | Olimpia [PAR] | ||
| 11 | Florencio Amarilla | F | 5'07" | 11 07 | 30-01-35 | Bogado | Nacional [PAR] |
| 12 | Samuel Aguilar | G | Libertad | ||||
| 13 | Luis Arnoldo Gini | D | Sol de America | ||||
| 14 | Dario Segovia | D | Sol de America | ||||
| 15 | Luis Santos Silva | M | Cerro Porteño | ||||
| 16 | Claudio Lezcano | F | Olimpia [PAR] | ||||
| 17 | Agustin Miranda | D | Cerro Porteño | ||||
| 18 | Benigno Gilberto Penayo | F | Olimpia [PAR] | ||||
| 19 | Eliseo Insfran | F | Guarani | ||||
| 20 | Jose Raul Aveiro | F | 18-07-36 | Asunción | Sportivo Luqueno | ||
| 21 | Cayetano Ré | F | 5'04" | 11 00 | 07-02-38 | Asunción | Cerro Porteño |
| 22 | Eligio Antonio Insfran | F | Guarani | ||||