Slot's new-look Liverpool under the spotlight in Community Shield
Despite storming to a record-equalling 20th English top-flight title last season with four games to spare, the Reds have splashed out, spending nearly £300 million ($402 million) in the transfer market.
New forwards Florian Wirtz and Hugo Ekitike, plus full-backs Milos Kerkez and Jeremie Frimpong could get their first chance to impress the Liverpool fans at Wembley.
The traditional curtain-raiser to the English football season sees the winners of the previous season's Premier League and FA Cup face off.
"Normally you have to play numerous games before you can win something," Slot said at his pre-match press conference.
"Now we have a chance to win something in the beginning of the season. Unfortunately, we face a very good Crystal Palace that have been very difficult to win against for us.
"They showed in the last (FA Cup) final – and even in the semi-final, by the way, as well – how difficult it is to win a one-off game against them."
Palace are appearing in the fixture for the first time after lifting their maiden major trophy by shocking Manchester City 1-0 in May to win the FA Cup.
The Eagles' joy has been slightly soured since as they were thrown out of the Europa League and demoted into the Conference League -- the third tier of European competition -- over a breach of multi-club ownership rules.
US businessman John Textor owned a stake in Palace and is the majority owner of French club Lyon, who have also qualified for the Europa League.
Despite Textor since selling his shares to New York Jets owner Woody Johnson, UEFA deemed Palace failed to meet the deadline to avoid a breach.
Under UEFA multi-club ownership rules, Lyon have been allowed to keep their place in the second-tier competition of European football as they finished higher in Ligue 1 (6th) than Palace (12th) in the Premier League last season.
Palace, however, have appealed to the Lausanne-based Court of Arbitration for Sport.
- Guehi, Eze to start -
By contrast to Liverpool's transfer bonanza, Palace have spent just £2 million on Croatian left-back Borna Sosa and a new reserve goalkeeper in Walter Benitez.
But the south London club have so far managed to keep hold of all of their prized assets despite interest from English and European giants.
Liverpool themselves are keen on Palace captain Marc Guehi, while Eberechi Eze has been linked with a move to Arsenal.
Palace manager Oliver Glasner confirmed both players will start at Wembley and believes his side can aim much higher up the table this season after a slow start last year cost them a top-half finish.
"We've started on a completely different level, with a different mindset and different standard we set last year, and this is why we can look forward to the season in a very positive way," said Glasner.
Tributes will be paid before the match to Diogo Jota, the Liverpool forward who died in a car crash last month at the age of 28.
A "Forever 20" emblem, referencing Jota's now-retired shirt number, will be printed on Liverpool's shirts this season.
"Tragedy impacted us but it impacted far more his wife, children and parents," added Slot.
"The tributes that have been done since were all very emotional and impressive."
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