Both sides will be looking to lift the Setanta Sports Cup trophy for the first time when they come head-to-head at Tallaght Stadium
The Bit O' Red paved their path to the final with a 9-1 aggregate demolition of Crusaders in the quarter-final followed by a 7-1 defeat of SSE Airtricity Premier Division holders St Patrick's Athletic over two legs.
Dundalk's route to Tallaght Stadium was not as straightforward, coming back from a first-leg quarter-final loss by Coleraine to win the tie 4-3 on aggregate, before overcoming last year's champions Shamrock Rovers 3-1 in the semi-final.
Sligo Rovers manager Ian Baraclough is happy to have reached the final after falling at the last hurdle in the past few years. "It's pleasing we have managed to fight our way here," Baraclough told the club's official website.
"It was frustrating the last couple of years to have been beaten in the semi-finals. Now we're here, a few days away, it's important we go one better and win the thing. I think it'd just be nice to win the first big trophy on offer."
Lilywhites boss Stephen Kenny believes last month's 1-0 win over Sligo will have no bearing of the outcome at Tallaght Stadium. "We know we are playing a very good Sligo Rovers team," Kenny told his club's official website. "They are a side who play good football and are on a good run of form.
We will have to go there and continue the form that we have been in recently. The match we played in the league will have no bearing on Saturday. It is a totally different game but we are confident going into it."
Sligo will continue to be without the services of Raffaele Cretaro and Gavin Peers, while Dundalk are missing influential captain Stephen O'Donnell, who has been ruled out for the season.
The 2014 Setanta Sports Cup Final takes place at Tallaght Stadium, Dublin on Saturday, May 10 at 16.00 BST.