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Angel Di Maria netted the winner as Argentina beat hosts Brazil 1-0 at the Maracana to regain the Copa America after a long wait of 28 years.
The Super Sunday begins with arch-rivals Brazil and Argentina locking horns at the Maracana Stadium to be crowned champions of South America.
This is Colombia's fifth third-place finish and first since 2016.
Argentina are seeking to win their first major international title since lifting the Copa America in 1993.
Brazil were on top in the first half but it took them 35 minutes to break the deadlock thanks to a side-footed volley from Paqueta after nice work by Neymar.
Messi missed a golden chance in the first half but set up Rodrigo De Paul five minutes before half-time and then did the same for Lautaro Martinez five minutes from the end.
Brazil were unbeaten in 11 games and topped Group B, while Chile finished only fourth in Group A.
Peru take on Paraguay in the first quarterfinal.
The result means that Argentina will face Ecuador in the last eight on Saturday while Uruguay, who beat Paraguay 1-0, will play Colombia the same day.
The draw at an empty stadium in central Brazil marked the first time Brazil have not picked up a win since they lost 1-0 to Argentina in a friendly in November 2019.
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