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The 5th Leyenda de Azul took place on November 4, 2006 and was like the 2005 version a one night, 16-man single elimination tournament. CMLL used the same tournament format as the previous year as they had the winner of the first and the last match of the first round face off in the finals. The finals saw Rey Bucanero defeat Atlantis to win the trophy and belt.
|First round||Second round||Semifinals||Final|
|12||Damian El Terrible|
|6||Dr. Wagner, Jr.||W|
|Dr. Wagner, Jr.||W|
|Dr. Wagner, Jr.|