Paraguay
Formed: 1906 Manager: Cesare Maldini
| Number | Name | Pos | Height | Weight | Date of Birth | Birth Place | Current Club |
| 1 | Jose-Luis Chilavert | G | 6'02" | 14 09 | 26-07-65 | Luque | Strasbourg |
| 2 | Francisco Arce | D | 5'10" | 12 00 | 02-04-71 | Ñuati | Palmeiras |
| 3 | Pedro Sarabia | D | 6'00" | 12 08 | 05-07-77 | Asunción | River Plate |
| 4 | Carlos Gamarra | D | 5'11" | 11 11 | 17-07-71 | Capiata | AEK |
| 5 | Celso Ayala | D | 6'01" | 12 13 | 20-08-70 | Resistencia | River Plate |
| 6 | Estanislao Struway | M | 5'09" | 11 11 | 25-06-68 | Libertad | |
| 7 | Richart Báez | F | 5'11" | 13 05 | 31-07-73 | Olimpia [PAR] | |
| 8 | Guido Alvarenga | M | 5'07" | 11 07 | 24-08-70 | León | |
| 9 | Roque Santa Cruz | F | 6'02'' | 12 08 | 16-08-81 | Asunción | Bayern Munich |
| 10 | Roberto Acuña | M | 5'09'' | 12 04 | 25-03-72 | Avellaneda | Real Zaragoza |
| 11 | Jorge Campos | F | 5'09" | 11 00 | 11-08-72 | Universidad Católica | |
| 12 | Justo Villar | G | 5'11" | 12 06 | 30-06-77 | Cerrito | Libertad |
| 13 | Carlos Paredes | M | 5'10" | 12 04 | 16-07-76 | Asunción | FC Porto |
| 14 | Diego Gavilán | M | 5'08" | 10 07 | 01-03-80 | Asunción | UAG Tecos |
| 15 | Carlos Bonet | M | 5'09" | 12 01 | 02-10-77 | Asunción | Libertad |
| 16 | Gustavo Morínigo | M | 5'10" | 11 11 | 23-01-77 | Asunción | Libertad |
| 17 | Juan Carlos Franco | D | 6'00" | 12 13 | 25-04-73 | Asunción | Olimpia [PAR] |
| 18 | Julio César Cáceres | D | 5'11" | 12 04 | 05-10-79 | San José dos Arroyos | Olimpia [PAR] |
| 19 | Daniel Sanabria | D | 6'00" | 13 03 | 08-02-77 | Buenos Aires | Libertad |
| 20 | José Cardozo | F | 5'08" | 12 04 | 19-09-71 | Nueva Italia | Toluca |
| 21 | Denis Caniza | D | 5'09" | 11 00 | 29-08-74 | Bella Vista | Santos |
| 22 | Ricardo Tavarelli | G | 6'00" | 12 08 | 02-08-70 | Asunción | Olimpia [PAR] |
| 23 | Nelson Cuevas | F | 5'08" | 09 13 | 10-01-80 | Asunción | River Plate |