The predecessor of Temperley was the Club de Foot-ball Centenario established in 1910 to commemorate the 100th anniversary of the Revolución de Mayo. But the official establishment of the club was on 4 November 1912 during a meeting held at Club Arias. The first field of Centenario was in Villa Turdera, Buenos Aires. The first jersey was red with green collar. In 1917 Temperley affiliated to the Argentine Football Association, the same year that the club decided to adopt the light-blue colors for the jersey, which would be Temperley's distinctive color to date. After being affiliated, the team started to play at the second division two years later. In 1921 the club changed its name to "Club Atlético Temperley" in 1921. That same year the institution also signed a contract to rent a land for $ 20 a month.
Amateur years and fusion
In 1924 Temperley made a great campaign finishing 2nd to Boca Juniors. When the Liga Argentina de Football merged with Asociación Amateurs Argentina de Football, the club decided to disjoin the league. A soon time later Temperley requested to be affiliated again, the Association accepted but sending the club to play at the second division. In 1932 Temperley merged with Argentino de Banfield. The new club, renamed as "Argentino de Temperley" played from 1932 to 1934 in the championships organized by amateur Asociacion Argentina de Football. When the amateur league merged with the professional league, Argentino changed its name to "Club Atlético Temperley" which has remained since then. In 1946 the club inaugurated the concrete-built grandstands of its stadium and ten years later the new lighting on the field. This encouraged the organization of club's football matches at night, as well as the practise of other disciplines such as tennis and netball.
Return to Primera
Temperley won its first title in the 1974 Primera B championship, therefore returning to Primera División. At the playoffs, Temperley defeated Estudiantes by 3–1 and drew Lanús and Unión by 1–1 scores, finishing first in the group with 3 points qualifying to play at the top division of Argentine football after 37 years. The team was coached by Jorge Ginarte who started his long-time career as coach of lower division teams. The second promotion was in 1982. Temperley finished 2nd to champion San Lorenzo after playing a playoff which ended with the final games against Atlanta. Temperley won the first match 2–1 but lost at the hand of the Bohemios the second game by 1–0. The series had to be defined by penalty shot-out and Temperley won 13–12 therefore promoting to Primera División. Notable players of that team were Hugo Lacava Schell, Carlos Piris, Hugo Issa, and Dabrowski amongst others.
Relegation and bankruptcy
Temperley's stand on Primera did not last much time so the team was relegated to Primera B Nacional at the end of 1986–87 losing the playoff match to Platense by 2–0. Two years later the team was relegated again to the third division. Moreover, in 1991 the club went into bankruptcy after judge José María Durañona declared the club broken due to a debt that the club had with the Football Players Sindicate for an amount of US$400,000. The institution remained closed for two years until in 1993 Temperley was allowed to play in Primera C, in a match against Tristán Suárez.
Promotion and relegations
The next season Temperley promoted to Primera B Metropolitana defeating Tristán Suárez in the playoff matches. Mariano Biondi was the coach of that team. One year later Temperley won its two consecutive promotion to Primera B Nacional although the club did a poor campaign being relegated again at the end of the tournament. On 31 July 1999 Temperley won a new promotion to Nacional B, being coached by Héctor Ostúa.
