In mid-2006, Veron made it known that he wished to return to his native Argentina for the 2006-07 season. He received offers from Boca Juniors and River Plate, but chose his boyhood club Estudiantes de La Plata, of whom he is a declared fan and has made significant donations in the past to upgrade the club training facilities. Chelsea agreed to loan Veron to Estudiantes for a season, until the end of his contract with the English club. On 13 December 2006, he helped Estudiantes win the Apertura 2006 tournament, its first in 23 years, in a final play-off match final over Boca Juniors. Some rival fans booed him, arguably dating back to his sub-par performances during the 2002 FIFA World Cup, but Veron was ranked among the top three players in the 2006 Argentine League by sports newspaper Ole.  Following his donations to the club's training grounds, Veron was a decisive factor in the agreement with La Plata city hall to update Estudiantes' historic stadium to modern standards. Veron personally engaged then Argentine president Nestor Kirchner to kick-start the negotiations, which had been stalled by La Plata mayor Julio Alak. Veron indicated that he may run for Estudiantes president in the future.  In July 2007, Kevin Payne, president of Major League Soccer club D.C. United, met with Veron in Buenos Aires to discuss a possible transfer, but Veron decided to stay in Estudiantes. Veron suffered from a string of minor injuries after his return from the 2007 Copa America, and missed a number of important games during the 2007-08 season. In early 2008, several football personalities chose Veron as the best player in the Argentine league.  Veron's fitness improved in time for the 2008-09 season, in which Estudiantes reached the finals of the Copa Sudamericana and secured a place in the 2009 Copa Libertadores. In 2009, he played in the Copa Libertadores for the second time, having seen Estudiantes eliminated in the round of 16 in the previous year by eventual champions Liga de Quito. After displaying his usual excellent level of play throughout the tournament, he found himself leading Estudiantes into the final for the first time since 1971. The Copa Libertadores has long been a special competition for Estudiantes and its fans, ever since the team won three consecutive titles from 1968-1970 with Veron's father playing a key role on the left wing. Veron certainly shared this affinity for the most prestigious title in the American continent, as evidenced by his declaration before the final: "I would trade everything I've won for this title." His dream came true as Estudiantes won the final, after an aggregate of 2-1. A 0-0 tie in La Plata and a dramatic 2-1 win away in Belo Horizonte against Brazil's Cruzeiro sealed el pincha's triumph. Veron was chosen by visitors to fifa.com as the best player of the 2009 Copa Libertadores.  Veron was twice elected South American Footballer of the Year (2008 and 2009) by Uruguayan newspaper El Pais, a title that is cited worldwide.

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