The match between the club greats is taking place at Anfield with a host of top names turning out for each team.
Luis Figo, Roberto Carlos and Clarence Seedorf are among those playing for Madrid, while Gerrard and Owen are joined by Robbie Fowler, Didi Hamann and Jamie Carragher.
Liverpool might just edge it when it comes to who has the best squad – and the presence of Gerrard certainly helps that, as he showed with his brilliant run and cross to set up Owen for the opening goal of the game:
GOAL! Steven Gerrard sets up Michael Owen to give the hosts the lead! ⚽
— Liverpool FC (@LFC) March 25, 2017
Gerrard with the lung-busting run and brilliant cross to Owen for the poacher’s finish – where have we seen that before?
Given the attacking quality on both sides, it shouldn’t be long before we get more goals, but, as it stands, the Reds lead 1-0 approaching the end of the first half.