CONMEBOL, which comprises the 10 member federations in South America, said in a statement it had accepted "the nomination of Argentina and Colombia as joint venues for the 2020 edition of the Copa America."
Confirmation of Argentina and Colombia staging the tournament is subject to them complying with the CONMEBOL technical requirements after providing more details of the organisation. The tournament will bring "South American football closer to its fans," CONMEBOL said.
The decision marks the first time in the modern Copa América era that the tournament will be split between two countries.
Interest from China, Russia and Qatar also was considered by the CONMEBOL Council in Miami, a person with knowledge of the meeting told The Associated Press. The person spoke on condition of anonymity to discuss the content of a private meeting.
Last month, the United States Soccer Federation had issued a proposal to CONMEBOL offering to stage the 2020 Copa América in the United States in an expanded 16-team competition that would also include six teams from the CONCACAF region.
The event was modelled along the lines of the successful 2016 Copa América Centenario, held across the US.