As they prepare for the match, both teams must put aside their disappointment at losing in the semifinals and go all out for the bronze medal.
Italy finished at top of the Pool E to get 25 points from nine matches at the end of Phase 2. They got past China 3-1 in the quarterfinals.
If Serbia finished Pool F at the first spot, the USA sealed second place with 20 points from nine matches.
China finished fourth in Pool E with 20 points from the same number of matches as their opponent. They won seven and lost two games.
The South American country lost all three Phase 2 matches they have played till now against the Netherlands, Belgium and Italy.
The defending champions have been unstoppable throughout this competition, having won all the matches they have played till now.
The Brazilians produced a good showing in Pool D during Phase 1. The South American nation won four of their five games to finish third in their group with 12 points.
Serbia are the defending champions in the tournament and have so far lived up to the favourites tag, producing noteworthy results.
Japan were placed in Pool D. They had won four of the five matches they played in the competition to get 12 points.
It is to be noted that Serbia are the defending champions in this tournament after winning it four years ago against Italy.