The 1932 Primera División was the 41st season of top-flight football in Argentina. It continued with both associations organising tournaments: the official AFA season, contested between March 13 and November 13, used the same format as the previous season: a double round-robin format with no relegation at the end of the tournament. The dissident Liga Argentina de Football (LAF, the professional one) started on March 20, with two relegations programmed although a change of rules determined that only Sportivo Palermo was relegated to the second division.
Sportivo Barracas won the amateur Asociación Argentina de Football (AFA) title[1] while River Plate won its second Primera División title after a decisive playoff against Independiente. Víctor Caamaño was the coach of the champion. The topscorer of the LAF was Bernabé Ferreyra of River Plate, who scored 43 goals.[2]