The former Bianconeri boss is confident that the reigning Italian champions can take down the Spanish giants, who he says have 'not exactly been brilliant' so far this season
The Serie A champions have been struggling to find their best form in Europe and are in danger of missing out on qualification for the group stages after draws against Copenhagen and Galatasaray.
Nevertheless, Lippi is confident that they can turn things around in their next two games, against Madrid.
"The recipe to beat them is quite simple: you have to believe in your own quality and stay organised," Lippi told Tuttosport.
"A surprise is definitely possible. The key is to believe in a good result. The current Juventus is pretty similar to my Juve and has all the characteristics a team need.
"Plus Real Madrid have not exactly been brilliant so far. I have no doubt that Juventus will put in two great performances."
Juventus travel to Madrid on October 23, with the Bianconeri hosting the Spanish giants in Turin two weeks later.