Bayern Munich clinched UEFA Super Cup victory over Chelsea on penalties after a thrilling 2-2 draw at the Eden Arena in Prague on Friday.
The Premier League outfit took the lead early in the first half when Fernando Torres brilliantly finished off a flowing move, but they were pegged back shortly after the break by a long-distance Franck Ribery strike.
Prior to the game going to extra time, Jose Mourinho's men lost Ramires to a second bookable offence, but they were back in front when Eden Hazard's effort deceived Manuel Neuer to restore their advantage.
However, a tap-in from substitute Javi Martinez at the death sent the game to penalties, where Neuer's save from Romelu Lukaku's weak effort handed Bayern the trophy.
With doubts over the fitness of Martinez and Bastian Schweinsteiger, Bayern boss Guardiola elected to start right-back Philipp Lahm in a holding midfield position.
Mourinho, meanwhile, handed Torres a return to action after the striker had been benched for Monday's 0-0 Premier League draw with Manchester United at Old Trafford.
And it did not take long for the Spaniard to reward his manager's faith, as he got on the scoresheet with just eight minutes on the clock.
Hazard was the catalyst, with the Belgian taking out two opponents with a jinking run before playing out wide to Andre Schurrle, who pulled back for Torres to smash the ball home.
Ribery almost provided a reply courtesy of a brilliant exchange with Mario Mandzukic at the edge of the Chelsea box, but he could not have expected Cech to somehow keep out his low curling effort with fantastic dive down to his left.
And he fired over from a similar position 10 minutes before the half-time whistle as Bayern were frustrated in their efforts to restore parity.
However, it did not take long for the newly named UEFA Best Player in Europe's quality to shine through in the second period.
The Chelsea defence appeared to have the 30-year-old under control as he ambled toward the box two minutes after the restart but, from nothing, the winger produced a clever shift onto his right before thrashing past Cech at his near post to level.
The goal understandably buoyed a Bayern side reliant on possession and forced Chelsea into attempting to replicate the sort of rearguard performance familiar throughout their victorious 2011-12 Champions League campaign.
But Mourinho's men were the recipients of the best opportunities of the second half, with Branislav Ivanovic heading onto the bar and David Luiz nodding straight at Neuer after Oscar had dithered when through on goal.
Unfortunately for the Portuguese boss, his side's hopes would receive a sizeable blow with just four minutes of normal time remaining as Ramires' poor challenge on substitute Mario Gotze brought him a second yellow card and ended his participation.
But incredibly, it was Chelsea who took the lead three minutes into added time.
Hazard's well-hit shot from the edge of the box looked destined for the safety of Neuer's gloves but the Germany international somehow misjudged the bounce and allowed the ball through his hands into the back of the net.
A series of fabulous saves from Cech in the second half of added time - from Manduzkic, Toni Kroos, Xherdan Shaqiri and Ribery - looked to have clinched the trophy for Chelsea, but there was still time for more drama.
After 15 minutes of seemingly unrelenting pressure, substitute Martinez was the recipient of a fortunate bounce in the Chelsea area with just seconds remaining and tapped the ball past Cech to send the game to penalties.
Much like they had been throughout a fabulous contest, the two teams were faultless from the spot, but with Lukaku looking set to send the shootout to sudden-death the Belgian produced a weak effort that Neuer kept out down to his left.
|All clubs would want Sturridge, says Bilic|
|Seaman urges Arsenal to spend big on keeping Sanchez and Ozil|
|Bravo happy to accept criticism for City showings|
|Origi reveals United, Bayern snubs|
|Cavani: I´d like to play with Griezmann one day|
|Aguero is not aggressive, claims Guardiola|
|Ibrahimovic wants United to be ruthless|
|Sanchez can be Arsenal´s new Henry - Wenger|
|Andre Gomes can play in Busquets role, insists Luis Enrique|
|Aguero´s dangerous tackle scared me, says Conte|
|Guardiola: We are killing the players|
|Bournemouth announce plans for new stadium|
|Former Bayern Munich and Real Madrid star Ze Roberto to play beyond 43rd birthday|
|Barcelona friendly awaits new Chapecoense coach Mancini|
|Arsenal are privileged to have Sanchez and Ozil - Monreal|
|Watzke denies agreement to discuss Aubameyang transfer with Madrid|
|Paris Saint-Germain v Nice: Champions hunting down shock leaders|
|Giggs tells Rashford how to end his goal drought|
|Manchester United without Shaw, Smalling for Tottenham clash|
|Willems inks PSV renewal|
|Costa and Conte scoop Premier League awards|
|Conte detained on suspicion of assault|
|Strootman ban for derby ´simulation´ overturned|
|Mourinho demands more goals from Rooney|
|Bobo preserves Sydney´s unbeaten start in Cup final rematch|
|Luis Enrique: I don´t dare predict if Messi will renew|
|Mourinho admits changing style for United|
|Sanchez talk is disrespectful, says Conte|
|Sassuolo 0 Genk 2: Visitors seal top spot|
|Sterling back for City as Guardiola predicts tough Leicester test|
|Mourinho still the ´Special One´ for Pochettino|
|Matic return leaves Conte with Fabregas dilemma|
|Guardiola expects greater impact from City youngsters next season|
|Klopp defends Karius after Bournemouth blunder|
|Pirlo visits Chelsea - but Conte is not signing him|
|Ronaldo, Modric rested for Deportivo clash|
|Tuchel hails returning Reus|
|Klopp has ´no idea´ on Sturridge return|
|´My players are intelligent and good people´ - Zidane on Ronaldo´s taxes|
|Atletico to play at ´Wanda Metropolitano´|
|Real Madrid to rest Benzema and start Morata against Deportivo|
|Ancelotti rules out Draxler bid as Bayern prepare for barren transfer window|
|Ighalo calls on Watford to sign Mikel|
|Pardew wants defender and striker to bolster Palace survival push|
|Moyes: M´Vila doesn´t have the fight for Sunderland|
|Leipzig only built to earn Red Bull money - Watzke|
|Shenhua director blasts CSL imports... but desperate for Tevez deal|
|Ribery: Bayern my last club in Europe|
|Hughes targets Arsenal fans to help Stoke end dismal away run|
|83 suspects, 98 clubs ´impacted´ in football abuse probe|
|Fowler pleads with Liverpool to keep ´top quality´ Sturridge|
|Reus ´100 per cent different´ on comeback|
|Ibrahimovic ´super happy´ for rejuvenated Mkhitaryan|
|Vertonghen: Football needs Mourinho|
|Title triumph went to Leicester´s heads, admits Ranieri|
|Conceicao named new Nantes coach|
|LaLiga lead means nothing - Zidane|
|Chapecoense add two stars to badge in wake of air disaster|
|Blatter accuses Infantino of lack of respect|
|Austin injury compounds Puel´s misery|
|Gestifute publishes further evidence of ´Ronaldo tax compliance´|
|Pioli eyes further Inter improvement|
|´I feel s***´ - Van Dijk blasts Southampton after Europa League collapse|
|Mourinho marvels at Mkhitaryan mentality after Zorya stunner|
|Southampton 1 Hapoel Be´er Sheva 1: Late Van Dijk leveller not enough as visitors progress|
|Inter 2 Sparta Prague 1: Eder double sends hosts out on a high|
|Vieira wanted Arsenal coaching opportunity|
|Vieira hopes MLS experience puts him in frame to replace Guardiola|
|Mkhitaryan: I waited a long time for this|
|Zorya 0 Manchester United 2: Mkhitaryan magic sends Mourinho´s men through|
|Ranieri urges Leicester players to fight for their futures|
|Cellino banned for 18 months over McCormack transfer|
|Koeman demands reaction from dropped Barkley|
|Tevez unsure on Boca future amid China speculation|
|Bradley vows to fight for his job at Swansea|
|Koeman speaks out on Depay, Schneiderlin links|
|Wenger unconvinced by World Cup expansion plans|
|Kovac brothers sign new Frankfurt deals|
|Selling Sturridge would be a mistake, says Rush|
|UEFA opens disciplinary proceedings against Besiktas, Dynamo Kiev|
|Filipe Luis suffers thigh tear|
|Kashima Antlers 2 Auckland City 1: Late Kanazaki header the difference|
|Suarez´s Barca renewal already done, says Bartomeu|
|Barcelona invite Chapecoense for Joan Gamper Trophy|
|Arsenal would have a chance against Real Madrid, insists Wenger|
|FIFA chief Infantino calls for zero tolerance on child abuse|
|Sanchez will not leave Arsenal for China - Wenger|
|Dybala delighted with Juventus return|
|Rashford desperate to learn from Ibrahimovic|
|Weigl not ready for Real Madrid - Tuchel|
|Why Zidane must drop Ronaldo at the Club World Cup|
|Barton: They built me up into a Neymar-Messi type|
|Shakhtar aware of Barca interest in Srna - Fonseca|
|Mets hitting coach believes Tebow can make it to MLB|
|Aubameyang reiterates Madrid dream after Bernabeu show|
|Zidane praises Benzema after 50th Champions League goal|
|Aubameyang deserves 99 per cent of credit - Reus|
|Neymar: There´s only one Ballon d´Or winner and it´s Messi, not Ronaldo|
|Magiera hails Legia victory as for ´all of Poland´|
|Tuchel thought Aubameyang had blown chance to equalise|
|Pochettino confident Spurs are back on track|
|Santo hails Porto´s mature performance|
|Lyon proved we can compete with Europe´s best - Genesio|
|Slutsky unsurprised by apparent Premier League interest in Dzagoev|
|Jardim frustrated as Monaco finally lose|