Desailly was sent off during the final of the 1998 tournament but still celebrated a 3-0 victory over the reigning champions, which earned France a first World Cup triumph.
Asked for his World Cup favourites, Desailly – speaking courtesy of Hublot – told Omnisport : "Besides France, I'll say Brazil. And why not a France v Brazil final to mark the 20th anniversary of our victory? That would be kind of great.
"I [also] have strong faith in Argentina, even if they struggled to qualify. Sometimes the countries that have team issues get a wake-up call. I really think Argentina can do something.
"Not because of [Lionel] Messi, but because I think the whole team can prove something."
The 49-year-old's confidence in Argentina may have take a bit of a hit on Tuesday however.
Without Messi in the side La Albiceleste were humiliated by Spain in a friendly, with Isco scoring a hat trick in a 6-1 win.
Despite the rough qualifying run and the poor result in the final friendly before the World Cup squad is picked, Argentina will be favored to move on from Group D in Russia, with Croatia, Iceland and Nigeria making up the rest of the group.