Nacional Asunción

The club was founded on June 5, 1904, by a group of alumni of the Colegio Nacional de la Capital, one of the oldest public schools in Asunción. The club was originally named Nacional Football Club, taking the name from "Club Nacional de Football" the Uruguayan club, whose shield and three colors were taken to associate the national origin. It is also referred as related to the school the founders attended. Its first president was Víctor Paredes Gómez and white was selected as the team color because that was the color of the Nacional de la Capital School uniform. For the emblem of the club, the colors of the Paraguayan flag were chosen.

Nacional is one of the traditional teams in the Paraguayan league and they have won a total of nine championships so far. Their nickname "La Academia" (lit. 'the academy') was given to them because of their excellent youth system that produced great players such as Arsenio Erico, who is considered as the best Paraguayan footballer of all time.

In 2009 Nacional won their first league title in 63 years.

In 2014, Club Nacional made history by reaching the Copa Libertadores final for the first time ever since its foundation, and by being only the second Paraguayan club to reach the final (after Olimpia).

The club began the campaign with a runner-up finish in the group stage. In the knockout stages, they defeated Argentine clubs Vélez Sarsfield and Arsenal de Sarandí. In the semi-finals, they beat Uruguayan club Defensor Sporting 2–1 on aggregate to set up a final with San Lorenzo. The first leg of the final was played in Asunción and ended 1-1. However, San Lorenzo won the second leg 1–0 at Estadio Pedro Bidegain and took the title with a 2-1 aggregate victory.