Young Santos beat Young Jujuba 1-0 in the semifinal game played on Friday to sail to the final.
Skipper Dodou Badjie scored the only goal for Young Santos in the game in the second half to seal a place in the final.
The Palace boys defeated Manchester United on the same score-line in the semi-final to progress to the final against the Santos-based outfit for the second time.
The Santos-based outfit beat the Palace boys 1-0 in the re-played final to clinch the league title in Gunjur last season.
The Palace boys will be coming all out for revenge to lift their first-ever intermediate football tournament title in Gunjur, after losing to the Santos-based outfit 1-0 in the re-played league final last season.
The Santos based outfit will be challenging for a win against the Palace boys in the final to claim the knockout title.
Young Santos are also bracing up for their league semi-final tie against Buckingham set for later this year.