The Malaysian said he was happy with the draw handed to him, despite being in the same half with his Chinese nemesis.
"The draw is okay for me compared to others, but I want to take it one match at a time," Lee told Malaysian media.
"I know Lin Dan is in the same half with me, but I don't want to think until the semis yet.
"This is the Olympics and everyone will give his best to win. When I'm playing him (Lin) then I'll deal with him,"
The 33-year old hoped that his experience would give him an edge over his competitors in his last Games appearance.
"I hope I can do well in my fourth and last Olympics. I've learnt over the years how to deal with pressure," Lee added.
"I will fight in every match and, if I lose after giving my best, it's perhaps fated."
The badminton competition at the Rio Olympics will take place from Aug. 11-20.
(Reporting by Nivedita Shankar in Bengaluru)
