Manchester City aiming for full house of trophies at Club World Cup
City travel to Jeddah, the host for all seven matches in the tournament, looking to add a first Club World Cup to the treble of Champions League, Premier League and FA Cup they won last season.
"We miss just one trophy to finish the circle and win all the titles City can have," said Guardiola, who has already won the competition three times during his spells at Barcelona and Bayern Munich.
"We will go there and prepare because for us it is a dream."
Despite a recent four-game winless streak in the Premier League, City are strong favourites to lift more silverware.
Not since Corinthians beat Chelsea in 2012 have the Champions League winners failed to lift the Club World Cup.
No matter who emerges victorious from the final on December 23, there will be a new name on the trophy.
Fluminense are South America's representatives after winning the Copa Libertadores for the first time last month.
However, the major threat to City could come from the rise of Saudi as a sporting hotbed.
Al-Ittihad have only qualified due to their status as champions of the host nation but boast a wealth of previous Club World Cup winners in Karim Benzema, N'Golo Kante and Fabinho.
Benzema became the first player to ever score in four Club World Cups as Al-Ittihad swept aside Auckland City 3-0 in the first round on Wednesday.
Next up they face against African champions Al Ahly of Egypt in the quarter-finals.
The winner of the other quarter-final between Mexico's Club Leon and Urawa Red Diamonds will meet City when they enter the competition at the last four.
Saudi's sporting ambition
Benzema, Kante and Fabinho were just some of the star names who have recently swapped top European clubs for the riches on offer in the Saudi Pro League.
That was just the beginning of an offensive to turn the country into a football powerhouse.
Saudi is set to host the 2034 World Cup and looks almost certain to also be awarded future versions of a revamped Club World Cup.
This will be the final edition of the current format before it expands to a 32-team tournament every four years from 2025.
The United States will host the first expanded Club World Cup as it prepares for to welcome the World Cup the following year.
However, Saudi is then expected to step in to add to its growing portfolio of major sporting events that includes a Formula One Grand Prix, major boxing bouts, tennis and golf events.
The conservative desert monarchy is also lining up a bid for the Olympic Games.
A string of other sporting interests include Premier League club Newcastle United and LIV Golf.
A huge investment in sport is designed to promote Saudi's international reputation, diversify its economy and promote tourism.
However, critics believe that under its 38-year-old de facto ruler, Crown Prince Mohammed bin Salman, there is an attempt to "sportswash" its human rights record.
Among the concerns raised by rights groups are laws against homosexuality, gender inequality, freedom of speech and frequent use of the death penalty.
