Here is what seems to be the 2011/2012 shirt for the Paraguayan National Team made by Adidas.
Paraguay, who launched there last shirt as recently as last year are set to release a new one in anticipation for the upcoming Copa America tournament in Argentina later this year.
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The shirt reverts back to a more classic Paraguayan look from the previous version and it's distinct lack of stripes. The collar has also been adjusted in to a more classic style similar to that worn in the 70s.
The collar seems to be focal point of this shirt with "Mba'e Guasu Guarani" printed inside the collar, a phrase in th local Guaraní language and also a lion on the back of the neck taken from the country's coat of arms.