The Bavarians and the Los Blancos have played against each other more than any other teams in the history of European club tournaments.
Today, we take a look at six such players in recent times who have represented both these great teams over the years.
6. Ze Roberto
Brazilian star Ze Roberto joined Real Madrid in 1997, but just made 15 appearances for the Los Blancos after which he left the club to play in Brazil.
In 1998, he signed for Bayer Leverkusen and after making just 22 appearances for them, Bayern Munich came calling.
Roberto had two spells with the German giants (2002-06 and 2007-09). He scored 14 goals in a combined two spells consisting of 169 appearances for Bayern.
This Brazilian was part of the squad that won Real Madrid's seventh Champions League.
Turkish great Hamit Altintop is also one of the few players who represented both Real Madrid and Bayern Munich in his career.
After making 113 appearances for Schalke, Altintop was signed by Bayern in 2007. He spent four seasons in Munich, making just 63 appearances for the club before Real Madrid came calling.
Altintop moved to Real Madrid in 2011, but his spell at the Spanish club was limited to just one season in which he made just five appearances for the Los Blancos, scoring one goal.
He eventually left for Galatasaray in 2012.
4. James Rodriguez
Colombian starlet James Rodriguez earned his dream move to Real Madrid in 2014 after an amazing performance at the World Cup.
After making 77 appearances for the Los Blancos, he left on loan to Bayern Munich at the beginning of the current season and is currently featuring for the German champions.
James scored 28 goals in his time with Madrid and has scored six goals in 19 appearances for Bayern up until now and he is back at madrid but his future Madrid is not yet confirmed as they are looking to sell him
3. Toni Kroos
Graduating from Bayern Munich's impressive academy, Toni Kroos was tipped to be the player who will be one of the greats at the German club.
However, things did not go as planned as he was sold to Real Madrid in 2014 after making 130 appearances for Bayern, scoring 13 goals in the process.
The German midfield maestro is a member of the current Real Madrid squad and has made 119 appearances for them in what has turned out to be a perfect decision for him as he has won two Champions League with the Los Blancos.
2. Arjen Robben
Arjen Robben burst on to the scene at Chelsea where he spent three seasons before Real Madrid came calling in 2007.
After making 50 appearances in two average seasons for the Los Blancos, Robben was sold to Bayern Munich in 2009.
Robben won the La Liga and the Spanish Super Cup with Madrid in the 2007-08 season. However, his time in Germany has been filled with trophies.
At Bayern, Robben has won seven league titles (including the current season) and one Champions League among many other trophies.
1. Xabi Alonso
Spanish legend Xabi Alonso signed for Liverpool in 2004, where he spent five years in what was an impressive spell as Liverpool claimed their fifth Champions League crown in 2005.
His talent could not be hidden from Spanish giants Real Madrid, who signed him in 2009. After making 158 appearances over five seasons, Alonso signed for Bayern Munich and stayed there until 2017, when he hung up his boots.
Alonso won the Champions League, Super Cup and the FA Cup with Liverpool. At Real Madrid, the Spaniard claimed the La Liga, the Copa del Rey, the Spanish Super Cup and the UEFA Champions League in the 2013-14 season.
The Spanish World Cup and two time Euro Cup winner then won three successive league titles with Bayern Munich between 2014-17.
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