Both sides got past titanic German opposition in the quarter-finals. The Spaniards downed Borussia Dortmund 3-2, before the French put Bayern Munich to the sword after scoring and having William Pacho sent off in extra-time.
Los Blancos have been carried through this tournament by a rash of stunning performances from 21-year-old striker Gonzalo Garcia.
He could be set to move away from Madrid following the competition, though, with Sunderland among the clubs interested in taking him on.
How to watch PSG vs Real Madrid
TV channel: In the UK, viewers can watch the game live free-to-air on 5 (formerly known as Channel 5). Coverage begins at 7pm BST ahead of an 8pm kick-off.
Live stream: Viewers can also watch the action live online via channel5.com and the DAZN website which are both free with a registration.
Live blog: You can follow all the action on matchday via Standard Sport’s live blog!