Both sides won their Group B openers ahead of a meeting at Parc des Princes, with PSG particularly impressive in a 5-0 thrashing of Celtic.
Draxler was a substitute in that game, but he has lined up alongside the all-star forward line of Neymar, Kylian Mbappe and Edinson Cavani in the league - and he expects PSG to be at their attacking best against Bayern.
"We will deliver a great attacking spectacle with PSG," he said, as quoted by Bild. "I am proud that I can be part of it.
"This is the first time I have played against Bayern with a team where we are not necessarily outsiders."
Despite PSG's attacking options, Bayern defender Joshua Kimmich is not daunted by the prospect of facing Neymar.
He insisted: "I'm glad. Neymar is the best one-on-one player in the world - the reason you become a footballer is to take part in such battles."