The likes of Robert Pires, Tomas Rosicky, Freddie Ljungberg and Sol Campbell are set to play for Arsenal whilst Raul, Guti, Xabi Alonso and Roberto Carlos are due to don their Real Madrid kits once more.
Madrid will host the first meeting at the Santiago Bernabeu on Sunday, June 3, whilst Arsenal will return the favour on Saturday, September 8, at the Emirates Stadium.
“For Real Madrid it’s an honour to be able to celebrate this charitable footballing event with the historic Arsenal,” said Real Madrid president Florentino Perez. “A club friend, legendary, with a magnificent record and, above all, a club with values that emanate from the sport.
“The big football clubs, who are examples for fans around the world, have to be very aware of the most vulnerable, especially boys and girls.”
Real Madrid plan to use the funds raised from their game for projects aimed at helping children in need whilst Arsenal’s home game will raise funds for the Arsenal Foundation, which funds football projects both in north London and around the world.
The game follows Arsenal’s first fundraising match in September 2016, when a Legends side took on Milan Glorie in a match that raised over £1million.