There are no major surprise inclusions in the 20-strong panel, though there is no room for either veteran defender Ricardo Carvalho or midfielder Lassana Diarra.
Turkey internationals Nuri Sahin and Hamit Altintop, neither of whom have seen much game time since arriving in the Spanish capital last summer, have also been omitted.
Madrid go into the game trailing 2-1 on aggregate after last week's visit to the Allianz Arena.
Real Madrid squad v Bayern Munich:
Goalkeepers: Casillas, Adan, Tomas Mejias.
Defenders: Pepe, Sergio Ramos, Marcelo, Coentrao, Albiol, Arbeloa, Varane.
Midfielders: Kaka, Ozil, Granero, Khedira, Xabi Alonso, Callejon, Di Maria.
Forwards: Cristiano Ronaldo, Benzema, Higuain.
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