The tournament will be co-hosted with Argentina but the Colombian Football Federation has confirmed the final will be played in its country.
Colombia will host the final of the 2020 Copa America, the Colombian Football Federation (FCF) has confirmed.
The tournament is being co-hosted with Argentina, but the FCF said on Friday it will stage the final for only the second time.
Colombia also welcomed the 2001 competition, when they won their first Copa America title by beating Mexico 1-0 in the final.
“The executive committee of the Colombian Football Federation is proud and happy to announce that the final of the Copa America Colombia-Argentina 2020 will be played in our country,” an FCF statement said.
“For Colombia, it is a privilege to have this vote of confidence on the part of CONMEBOL, to elect us as the venue for the final of the most important tournament in South America.
“The South American Football Confederation can be sure that we will make all our efforts and put all our professionalism and work to make the final of the 2020 Copa America a memorable event.
“We will assume this responsibility with great joy, but with a huge commitment. We are convinced that together with Argentina we will make a wonderful Copa America.”
Argentina, who last hosted the tournament in 2011, booked a semi-final clash with rivals Brazil in this year’s Copa by knocking out Venezuela on Friday.
Colombia are set to face holders Chile in the quarter-finals, with Uruguay and Peru also competing for a last-four spot.