Lippi has lifted the World Cup, Europe's Champions League, Intercontinental Cup and Serie A trophies during his managerial career, and a successful stint in southern China has already brought back-to-back league crowns.
The 65-year-old now has the chance to secure Guanghzou's first major continental trophy when they meet Korean champions FC Seoul in the two-legged final.
Guanghzou sealed their place with a thumping 8-1 aggregate win over Kashiwa Reysol, which was completed with a 4-0 whitewash at their Tianhe Stadium on Wednesday.
Elkeson and Dario Conca put the tie to bed before competition leading scorer Muriqui scored twice late on to take his tournament tally to 13 goals.
Guanghzou therefore become the first Chinese side to reach the final for 15 years and will bid to be the first champion from their country since Liaoning FC in 1990.
By contrast Korea have supplied a finalist for the past five years - all of them different - with Seoul becoming the latest after ousting Esteghlal 4-2 on aggregate.
Ha Dae-sung scored first to put Seoul out of reach and while Jlloyd Samuel and Mohammad Ghazi pulled goals back a Kim Jin-kyu penalty ensured their was no late drama.
The first leg of the final will be played in Korea on October 26 before Guangzhou host the return match on November 9.