Jose Antonio Reyes, on loan from Arsenal to Real Madrid, is hoping to get the Gunners in Friday's Champions League draw.
Reyes, who moved to the Bernabeu in a loan-swap deal involving Julio Baptista this summer, said: 'It would be beautiful game between two teams that play good football.
'I would really like it. Everyone likes to play at Arsenal's ground.'
Madrid finished second in Group E behind Lyon, meaning they can be drawn with any of the group winners, with the exception of fellow Primera Liga side Valencia. Arsenal finished top of Group G.
It is unlikely that Real boss Fabio Capello would share Reyes' enthusiasm for a tie with the Gunners, who eliminated him and his former team Juventus last season at the quarter-final stage.