The former youth international was one of the 23 players invited by coach Salisu Yusuf for the clash with the LaLiga giants.
For the Akwa United goalkeeper, his Super Eagles B call-up was a huge privilege, and backs his side to hold their own as African giants against the newly crowned Europa League champions.
"I am very glad and want to dedicate this opportunity given me to God," Olorunleke told Goal.
"It will be a great privilege for me to face Atletico Madrid. Getting an invitation to play against such a club with high repute means something precious which I'll live to cherish.
"They [Atletico] are a very good and formidable team which we have to respect but at the same time, we are not going to be scared of them. I am very certain it's going be a great match.
"I'm confident we will get a positive result if we give our all in the match. We remain the giant of African and can defeat them with the right attitude and approach to the game."