The start will be next June between Italy, the Euro 2020 champion, and Argentina, the 2021 Copa America champion, the two tournaments that were held last June after being postponed for a year due to the outbreak of the Corona virus.
The venue for the match will be determined at a later time.
CONMEBOL made clear its agreement in principle with UEFA to hold 3 editions of the new tournament.
Italy was crowned the European title at the expense of England on penalties at Wembley Stadium in London to lead the old continent for the second time in its history, after winning the cup for the first time at home in 1968.
While on the Latin continent, star Lionel Messi led Argentina to win the title in Brazil after defeating the host with a goal.
It is Argentinas fifteenth title in the tournament and the first since 1993.
And reports wrote earlier that the meeting might take place at the Diego Armando Maradona stadium of the Italian club Napoli.
It is the stadium that changed its name from San Paolo to Maradona after the death of the legend of the club and the Argentine national team in 2020.