The former Bianconeri coach has insisted that the Italian champions can still make it to the semi-finals at the expense of the Bundesliga giants
The Bundesliga champions impressed at the Allianz Arena last week as they beat Juventus 2-0 courtesy of goals from David Alaba and Thomas Muller.
Nevertheless, Lippi has stressed that the quarter-final tie is not over yet and believes an early goal on Wednesday could lead Juve the way.
"I saw a great Bayern Munich last week. They were balanced, very complete and devastating at times. I have always said that they are a European superpower on the same level as Barcelona and Real Madrid," Lippi told Tuttosport.
"However, we did not see the real Juventus in Munich. On Wednesday they will have to prove that they can compete with Bayern.
"If Juventus can score an early goal, the tie can go either way. As long as Juventus give their all and play to their full potential, a comeback is possible."
Juventus last made it to the semi-final stage of the Champions League in 2002-03 but they were eventually beaten by AC Milan in the final.