Premier League champions Liverpool will be huge favourites, though FA Cup winners Arsenal showed against Manchester City and then Chelsea that they are not to be underestimated in the big games with Mikel Arteta in charge.
Neither side is expected to be at either full strength or top conditioning given the rapid turnaround from the 2019/20 campaign, but the Community Shield offers the ideal chance to start a new season on a high.
Arteta will be busy blooding in new signings to his squad following a chaotic season which saw Unai Emery depart, while Jurgen Klopp will be looking to fine-tune his champions as they bid to defend their hard-won title.
All eyes will be on Wembley Stadium, and here's how you can follow the action...
Where to watch the Community Shield
TV channel: The match will be televised live on BT Sport 1 and BT Sport Ultimate, with coverage starting from 4pm.
Standard Sport will also have expert coverage from Simon Collings at Wembley on our live commentary blog, as well as post-match reaction and analysis of the result.