The two European giants meet at the Allianz Arena on Wednesday in the first leg of an eagerly-anticipated quarter-final tie, with Bayern boss Carlo Ancelotti up against the side he led to the trophy three years ago.
Cristiano Ronaldo , Gareth Bale and co are aiming to become the first team to successfully defend the trophy in the Champions League format, after beating city rivals Atletico on penalties last season to win it for the 11th time.
Bayern chief executive Karl-Heinz Rummenigge said: “It will be a very difficult quarter-final for us.
“We will have to deliver two super games to have a chance of reaching the semi-finals. But if there is anyone capable of eliminating the defending champions, then maybe it is us.”
Ancelotti etched his name in Madrid folklore by leading them to La Decima – the 10th European title they had so desperately craved since their ninth win in 2002.
But Rummenigge insisted: “He has a beautiful memory of winning the Champions League with Real, but he has been thinking about this game for some time and wants to win it at all costs.”
Real thrashed Bayern 5-0 on aggregate in the 2014 semi-finals, a defeat that is a scar for the Germans’ players and fans.
And Ancelotti said: “We’re aware of what Real can do, but we’re concentrating on our qualities on the pitch.
“It will be a complicated match, but we have the confidence and we’re in good form. There’s no talk of revenge.”
Real will be without injured defenders Pepe and Raphael Varane. Bayern have keeper Manuel Neuer fit again, but will be missing centre-back Mats Hummels.
Their star striker Robert Lewandowski, who has a staggering 46 goals in 45 appearances this season, also looks set to miss out with a shoulder injury that limited him to just 15 minutes training on Tuesday.
Ancelotti added: “I don’t know if he will be better or not, but he won’t play.”
Real’s former Bayern playmaker Toni Kroos said: “I hope Bayern Munich play with their best line-up.
“As with Real Madrid, we don’t need to hide.”