In 2012 Olimpia finished in third place in the Primera División, and they along with the two other big teams of Paraguay, Cerro Porteño and Libertad, qualified for the 2013 Copa Libertadores. They had a great performance there, defeating two other major teams in the knockout stages Fluminense and Santa Fe. They reached the finals for the seventh time, a feat which no Brazilian or Colombian team have been able to achieve. However, they did lose to Atlético Mineiro in Mineirão 0–2 after winning 2–0 in Asunción and lost the last penalty kick when the ball bounced violently against the bar, ending the dream of a fourth title.