When and where is the Final taking place?
Thomas Tuchel’s men will take on the South American champions at 4.30pm (UK time) on Saturday afternoon at the Mohammed Bin Zayed Stadium in Abu Dhabi.
The stadium - which has a capacity of around 42,000 - hosted a number of AFC Asian Cup ties in 2019 including Qatar’s 4-0 semi-final win against the United Arab Emirates.
It also hosted the FIFA World Club Cup semi-final between Conoglese side TP Mazembe and Brazilian club Internacional in December 2010.
Which players could shine during the Final?
Chelsea are unbeaten in their last four games in all competitions and secured their place in the final with a narrow 1-0 win against Al Hilal on Wednesday afternoon.
Romelu Lukaku got the only goal of the game against the Saudi side and the Belgian will hope to find the net once again as he looks to rediscover his early-season form.
Raphael Vega and Dudu netted as Palmeiras saw off Egyptian club Al Ahly in their own semi-final earlier this week and they are bidding to become World Club champions for the first time.
Paraguayan international defender Gustavo Gomez brings plenty of international experience after making 58 appearances for his country and semi-final goalscorer Dudu heads into the game with three goals in his last four games in all competitions.
Who are the current holders of the FIFA Club World Cup?
German giants Bayern Munich are the current holders after a France international Benjamin Pavard got the only goal of their final against Mexican side UNAL in Qatar last February.
Where can I watch the Final?
The game will be shown live on Channel 4 and is also available to watch via the All4 app on any mobile or tablet device.
What are the odds?
Chelsea head into the game as favourites as they look to lift the trophy for the first time in their history.
Thomas Tuchel’s side are rated at 4/6 to win inside 90 minutes with Betfair, with their Brazilian opponents set at 4/1 outsiders.
A draw inside 90 minutes is priced at 29/10.