Studies on gentrification in Latin America currently face two main obstacles. On the one hand, there appears to be a refusal by the academy in Latin America to use the term, regarding it as an expression of cultural imperialism. On the other hand, there has been an excessively flexible and ambiguous use of the term, obscuring political and scholarly debates on the issue. Both obstacles are partly a consequence of the lack of dialogue between the different authors in the field. This article generates a critical dialogue with the most relevant works and researchers on gentrification in Latin America, as well as with those scholars reluctant to use the term. Specifically, the author advocates for a more restrictive and clarifying definition of the phenomena and defends the utility of the concept as a tool to promote the critical analysis of the specific processes in many Latin American cities, as well as in cities outside the region. The paper concludes that, even though it should not be the main political concern for urban researchers in the region, gentrification is a relevant ongoing process in some Latin American cities and its study would contribute to a better comprehension of recent processes of urban restructuring. [ABSTRACT FROM AUTHOR]