Celtic beat Aberdeen 1-0 in last year's final thanks to a Ryan Christie goal and are bidding to lift the trophy for the fourth year in a row.
Rangers last claimed the League Cup in 2010/11 under Walter Smith when they defeated Celtic 2-1 after extra time with goals from Steven Davis and Nikica Jelavic.
Both teams have suffered just one domestic defeat this season - Rangers were beaten in September's Old Firm game at Ibrox and Celtic lost at Livingston in October.
Neil Lennon's men have knocked out Dunfermline Athletic, Partick Thistle and Hibernian to reach this stage while Steven Gerrard's team have seen off East Fife, Livingston and Hearts.