Murray and Djokovic's unprecedented clash for pole position will end with one of the old rivals finishing the year on top of the world after the Scot shattered his rival's 122-week reign at number one earlier this month.
Fittingly, they will bring the curtain down on the ATP season with both the prestigious Tour Finals title and the top spot up for grabs in Sunday's final at London's O2 Arena.
But Djokovic can say exactly the same after the defending champion thrashed Japan's Kei Nishikori 6-1, 6-1 in the other semi.
Crucially, Murray might be on his last legs after having to survive a three-hour 39-minute epic against Raonic that ranked as the longest match in Tour Finals history -- eclipsing the record mark set when Murray beat Nishikori in three hours and 20 minutes on Wednesday.
While Murray's body has been pushed to its limits this week, Djokovic has enjoyed smooth progress to the final and, unlike his opponent, the world number two will be well rested following his 67-minute demolition of Nishikori.
"It was obviously unbelievably tough. I played some great points and managed to get the break at the end," Murray said.
"This is one of the hardest matches I've played indoors. I didn't expect to play a long one with someone with a serve like Milos.
- Fitting finale -
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Raonic twice broke Murray when he served for the match in the final set and saved three match points in the decisive tie-break.
Murray's 23rd successive victory set a new career-best for the 29-year-old, who has been in sublime form since becoming a father for the first time, but only a 24th would bring a fitting finale to the best year of his life.
Djokovic has been in a prolonged slump since winning the French Open for the first time in June, sparking rumours about his private life and questions about his recent involvement with a "spiritual guru".
Djokovic had won his last eight encounters with Nishikori, a dominant streak that included a 2014 semi-final success in the Tour Finals, and it quickly became apparent the Serb was going to extend that sequence with ease.
Having played consecutive three-set matches, Nishikori was running on fumes before the match even began and his concentration wasn't helped when an intruder tried to run onto the court before the start of the second game of the first set.
With the first set in the bag, Djokovic went for the kill and hounded Nishikori into dropping serve yet again in the first game of the second set.
That was the knockout blow and the 12-time Grand Slam winner sprinted to the finish line as the out-classed Nishikori folded under Djokovic's relentless barrage.
