Exeter City will host Brazil at St James Park on Sunday 30 May as part of the club's centenary celebrations.
Dunga should be on show
Exeter were instrumental in helping establish football in Brazil when they played the national side in 1914.
The world champions are now set to make the return journey, sending a team of Brazil "Masters" made up of the 1994 World Cup winners.
"It's quite incredible and we're ecstatic, managing director Ian Huxham told BBC Radio Five Live.
"The Brazilians are having a 90-year football celebration and were hoping Exeter may go to Rio for a re-match.
"I took the opportunity to remind them that that would be the second time we have helped them out and, given our situation, I said it would be good if they could come to help us in our centenary year.
WORLD CUP WINNERS
Result: Beat Italy on penalties
Team: Taffarel, Jorginho (Cafu), Aldair, Marcio Santos, Branco, Mazinho, Mauro Silva, Dunga, Zinho (Viola), Bebeto & Romario
"It should be great and the most important thing is the credibility as it comes with full CBF approval."
That first match, at the Rio home of Fluminese, ended in a 3-3 draw and Huxham is delighted it has "not been forgotten".
As well as the match providing a "real fillip" to the club's finances, he is hoping the match in Rio goes ahead in the summer.
"If the return leg takes place it will be on the same date as all those years ago - 21 July," he added.