Serbia on Saturday emerged the 2015 FIFA U-20 World Cup champions, defeating Brazil 2-1 after extra time in the final.
Nemanja Maksimovic scored a late winner for the Europeans in the 118th minute of the extra time.
Maksimovic was the assist provider for the Serbs' first goal setting up Stanisa Mandic to open the scoring before Brazil's Andreas Pereira equalised to take the game to extra time.
Brazil created most of the chances in the game but Serbia had the best opportunity of the opening half.
Maksimovic dribbled his way into the Brazilian penalty area in the 70th minute and chipped a delicate cross to the back post. Stanisa Mandic drifted in from the left-hand side, taking advantage of some slack defending by Joao Carlos to sweep home from inside the six yard box.
The lead didn't last long.
Less than three minutes later, Andreas Pereira produced a moment of individual magic to level the scores. Having come on as a substitute less than ten minutes earlier, Brazil's No 18 worked his way into the Serbian penalty area and cut inside onto his right foot before placing the ball with wonderful precision past Rajkovic in the Serbian goal.
Maksimovic was however the match winner, scoring with just three minutes remaining from a counter attack.
Zivkovic's through ball found the onrushing No 8 who, after glancing at the assistant referee to check he was onside, poked the ball past Jean to seal a historic victory for the Serbs.