Real Madrid could face Seattle Sounders in their Club World Cup semi-final following Friday's draw.
UEFA Champions League winners Madrid will enter the tournament in Morocco at the last-four stage next month.
Carlo Ancelotti's side will have to wait to learn the identity of their opponents, but it could be MLS debutants Seattle.
The Sounders are the first American team to reach the Club World Cup, having won the 2022 CONCACAF Champions League final against Liga MX's UNAM.
Seattle are to make their debut in the second round against the winner of the sole first-round tie between CAF runners-up Al Ahly and OFC champions Auckland City.
The victors in that match will then go through to face Madrid, record four-time world champions.
On the other side of the draw, Copa Libertadores winners Flamengo, who were finalists against Liverpool in 2019, are to take on either CAF champions Wydad Casablanca – also hosts Morocco's representative – or AFC nominees Al Hilal.
With the two semi-finals to take place on February 7 and 8, the final and third-place play-off will follow on February 11.