At club Flamengo's initiative,[1] the match was played on 24 August 2024 at Maracanã Stadium in Rio de Janeiro, Brazil, between the Brazilian team Flamengo, the 2024 U-20 Copa Libertadores champions, and Greek team Olympiacos, the 2023–24 UEFA Youth League champions.

[6] He was joined by his fellow Venezuelans Alberto Ponte and Migdalia Rodríguez as assistant referees, while Ecuadorian Bryan Loayza was the fourth official.

[7] Each team had to submit their list of 22 players (including at least two goalkeepers) to its respective confederation by 20 August 2024, 19:00 UTC−3 (BRT) or 24:00 UTC+2 (UTC+2), as appropriate.

Teams were permitted to make player replacements in cases of serious injuries up to 24 hours prior the start of the match, provided that it was approved by the CONMEBOL Chief Medical Officer and the team doctor concerned.

On 20 August 2024, Olympiacos announced a squad of 23 players with whom they travelled to Brazil.