Fourth seed Li will meet 20th seed Dominika Cibulkova in Saturday's women's singles final. Cibulkova, in her maiden Grand Slam final, is the first Slovakian woman to achieve the feat, reports Xinhua.
"(I want to win this title) a lot because I was doing well here," said the Chinese star. "I really wish I can win the title in the Australian Open. I'm always looking forward to playing back here."
It will be Li's third final in four years as she lost to Kim Clijsters and Victoria Azarenka in 2011 and 2013, respectively.
Li: If you reach the final many times, you get more experience
"If you reach the final many times, you get more experience," said Li.
"I think I'm ready. Same like her. I think we both should be ready. After six matches, everyone has more confidence to prepare for final," added Li.
"At least it is a 50/50 match for me and Dominika. Either can win the title," said Li.