The Brazilian outfit face Al Ahly on Thursday, although Chelsea and Monterrey are likely to provide their strongest opposition.
“We are excited, overwhelmed to be able to play in this special event the Club World Cup,” Tite told reporters.
“We want to make the most of the chance. We are thinking of playing in the final. We have the right to dream. If we perform to our potential then the dream can come true.
“The prospect of it coming true can sometimes give you shivers and make you feel sick in the stomach. That’s natural but we have to control that.”
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.