The tournament has undergone a significant revamp, most notably in the prize money on offer and the number of teams competing.
So too has the trophy on offer to the winning club, which was branded by FIFA President Gianni Infantino as 'a trophy of the future'.
The trophy was showed off by Infantino in front of United States President Donald Trump at the White House earlier in March.
Crafted in collaboration with luxury jewellers Tiffany & Co., it's built with gold vermeil and has laser-engraved images of football culture.
In addition, 13 languages and Braille are inscribed on the trophy that can twist its rings into a spherical shape by turning a golden key.
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The trophy will be awaiting the winner at the final of the Club World Cup at the MetLife Stadium on July 13, but before it gets to East Rutherford it will make a number of pit stops.
One of those was a trip to talkSPORT Towers courtesy of Chelsea legend John Terry, who appeared on talkSPORT Breakfast to promote the tournament.
Terry had the honour of unveiling the trophy live on the show in front of his former Aston Villa teammate Gabriel Agbonlahor and McCoist.
As Terry walked over to show off the trophy, Agbonlahor joked: "I'm not allowed to touch trophies, I'm not used to them."
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Once the trophy was on full display, McCoist was taken aback by its beauty.
Yet there was one issue he couldn't help but point out to Terry regarding the prize.
"That is magnificent," McCoist said.
"That is absolutely magnificent. I can also reveal immediately it's the closest you've (Agbonlahor) been to a trophy.
"It's not your normal trophy. I have to be real honest with you, I'm going to struggle to drink the champagne out of that one.
"But it's a beautiful shape of the globe, the world. It looks magnificent.
"To think that was in the White House last week, and it's now next to Gabby Agbonlahor."
Granted, the trophy may not be conventional.
But the players competing in America at the Club World Cup will no doubt relish the challenge of working out how to consume the celebratory champagne off of it.
This year's Club World Cup begins on June 14 as Lionel Messi's Inter Miami take on Egyptian side Al Ahly.
Terry admitted he was a big fan of the newly revamped competition, that will see 32 teams from across the globe compete.
He added: "It's an opportunity for everyone in America to see it and to go to the games.
"There's teams and games there that I'm looking forward to going over and watching personally.
"So it's not only great for the players and the football clubs financially as well, but in terms of people from across the world seeing top players playing, it's a real opportunity."
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John Terry was speaking on Chelsea and the upcoming FIFA Club World Cup.
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