| National Team | : | Paraguay U-23 |
| Association | : |  Asociación Paraguaya de Fútbol (APF) |
| Nickname(s) | : | La Albirroja |
| Confederation | : | CONMEBOL |
| Sub-confederation | : | - |
| FIFA code | : | PAR |
| FIFA rank | : | 43 (10 July 2025) |
| Home stadium | : | Estadio Defensores del Chaco |
| Head coach | : | Carlos Jara Saguier |
Paraguay national U-23 football team
The following players were called up for the 2024 Olympic Games.
| No | Position | Player | Date of birth (age) | Caps | Goals | Club |
|---|---|---|---|---|---|---|
| 1 | GK | Gatito Fernández* | 29-03-1988 (36) |  Botafogo | ||
| 12 | GK | Rodrigo Frutos | 06-01-2003 (21) | Olimpia | ||
| 2 | DF | Alan Núñez | 01-10-2004 (19) | Cerro Porteño | ||
| 3 | DF | Ronaldo Dejesús | 21-04-2001 (23) | Cerro Porteño | ||
| 4 | DF | Daniel Rivas | 06-12-2001 (22) | Nacional | ||
| 5 | DF | Gilberto Flores | 01-04-2003 (21) | Sportivo Trinidense | ||
| 13 | DF | Alexis Cantero | 05-02-2003 (21) | Guaraní | ||
| 14 | DF | Fernando Román | 23-02-2001 (23) | Guaraní | ||
| 16 | DF | Fabián Balbuena* (captain) | 23-08-1991 (32) |  Dynamo Moscow | ||
| 6 | MF | Marcos Gómez | 10-11-2001 (22) | Olimpia | ||
| 8 | MF | Diego Gómez | 27-03-2003 (21) |  Inter Miami CF | ||
| 10 | MF | Wílder Viera | 04-03-2002 (22) | Cerro Porteño | ||
| 11 | MF | Enso González | 20-01-2005 (19) |  Wolverhampton | ||
| 15 | MF | Julio Enciso | 23-01-2004 (20) | Brighton & Hove Albion | ||
| 7 | FW | Marcelo Fernández | 25-10-2001 (22) | Libertad | ||
| 9 | FW | Kevin Parzajuk | 09-08-2002 (21) | Olimpia | ||
| 17 | FW | Diego González | 07-01-2003 (21) |  Lazio | ||
| 18 | FW | Marcelo Pérez | 23-03-2001 (23) |  Huracán | ||
