Fixtures for the eight-team extravaganza have been revealed with the Blues and the Toffees joined by Juventus, Inter, Milan, Real Madrid, Valencia and LA GalaxyEverton and Chelsea representing the Premier League.
The opening tie of the summer tournament will see Valencia play Milan at the Mestalla with all other games taking place in the US.
Chelsea join Milan, Valencia and Inter in the East group with Everton facing Juventus, Real Madrid and LA Galaxy in the West group.
Everton open their tournament in the second game, against Juventus at the AT&T Park in San Francisco a day before Europa League winners Chelsea begin their participation at the Lucas Oil Stadium in Indianapolis against Inter.
Each team plays once before the group semi-finals are played in Los Angeles and New Jersey.
All eight clubs then move on to Miami for the play-off games, where each side will meet the team finishing in the same position from the other group.
The finalists will meet on Wednesday August 7 at the Sun Life Stadium.
The full schedule can be found below:
July 27 - Valencia v AC Milan - Mestalla Stadium, Valencia
July 31 - Everton v Juventus - AT&T Park, San Francisco
August 1 - Chelsea v Inter - Lucas Oil Stadium, Indianapolis (8pm)
August 1 - Real Madrid v LA Galaxy, University of Phoenix Stadium, Phoenix
August 3 - West side semis - Dodger Stadium, Los Angeles
August 4 - East side semis - MetLife Stadium, New Jersey (4.30pm/6.30pm)
August 6 - 7th place and 5th place matches - Sun Life Stadium, Miami (6.30pm/9pm)
August 7 - 3rd place and 1st place matches