The Chilean Football Federation (ANFP) has announced that it has reached an agreement with its Brazilian counterpart (CBF), and will host the 2015 Copa America.
The five-time World Cup winners were next in line to host the competition, which would be its first time since 1989, but will wait until 2019 after a meeting between the two federations on Friday.
CBF president Jose Maria Marin noted that the move will prevent further changes to the season calendar, which will have to be altered in the next four years as a result of the country hosting the Confederations Cup, the World Cup and the Olympic Games.
"The clubs would be damaged, because the Brazilian league would have to be put to a halt," Marin told Globoesporte.
"This would take place exactly in a year in which all conditions are gathered to take lots of people to the stadiums, because the league will take place right after the World Cup, with all the infrastructure that the biggest football competition in the world will require, with modern stadiums and a positive atmosphere which will take over the country."
Conmebol, the governing body for South America, has yet to approve this change. Uruguay are the reigning champions in the Copa America after defeating Paraguay in the final of the 2011 tournament, which took place in Argentina.