A host of former players have signed up to play for the Liverpool legends team against Real Madrid legends at the Santiago Bernabeu on June 14.
The match is set to raise money for both teams' charities and a return leg is set to be contested at Anfield sometime in the summer.
Michael Owen, Steve McManaman and Jerzy Dudek, who played for both teams, will represent the Reds in the Spanish capital, who will be managed by all-time top goalscorer Ian Rush.
Liverpool will also be represented several of their 2005 Champions League winning side including Jamie Carragher, Luis Garcia and Vladimir Smicer as well as Robbie Fowler.
Real Madrid will too field a strong side with several of the original 'Galacticos' including Roberto Carlos, Claude Makelele and Fernando Hierro all signing up and it's likely the match will attract a further number of lucrative stars who once represented the Spanish giants.
Although the game is a friendly, it will a game that both team's will want to win. With Liverpool recruiting some of their top stars previously such as Fowler and Owen, Madrid may try and get the likes of Raul and Luis Figo on board.
The two sides have met four times in the past last six years and bragging rights are level. In 2009, the Reds thrashed Real Madrid 5-0 on aggregate in the final 16 of the Champions League to leave Los Blancos stunned.
At Anfield, Steven Gerrard inspired his team to a 4-0 thrashing of Juande Ramos' side and turned out to be one of Liverpool's finest nights.
However, this season the pair were drawn in Group B together of the European Cup and Madrid had their revenge. A brace from Karim Benzema seen Carlo Ancelotti's men thrash the Reds 3-0 at Anfield and won 1-0 in the return leg at the Bernabeu.
Both club's are enriched with history and are icons across the globe.
Madrid have won an incredible 10 European Cups in their history, most recently lifting the trophy in 2014. They too have an incredible 32 league titles and 19 Cope Del Rey's.
Liverpool are Britain's most successful team in Europe having won the continents elite club competition five times and have triumphed to league glory 18 times. However, they last topped the top-flight in 1990.