The fact that Real have won the European Cup a record nine times leads many to believe the Madridistas are fairly accustomed to continental success. So it seems rather odd we chose the highlight the class of 1998, when there are eight other triumphant sides to look at.
However, the importance of the 1-0 victory over Juventus at Amsterdam ArenA on May 20, 1998 cannot be underestimated, as it marked the end of Real's 32-year wait to lay their hands on the continent's most prized possession.
14 years on, where are the heroes from that triumphant outfit?
GK: Bodo Illgner
The Germany international arrived at the Santiago Bernabeu in the summer of 1996 from Cologne and played an integral part in the 1996/97 La Liga-winning campaign.
A poor run of form the following season then saw him lose his place in the starting eleven to Santiago Canizares for much of the campaign, although he managed to force himself back into the side in time for the Champions League final, where he kept the likes of Alessandro Del Piero, Fillipo Inzaghi and Zinedine Zidane at bay.
Illgner remained Los Blancos' first-choice keeper until the 1999/00 season, when the arrival of an 18-year-old by the name of Iker Casillas saw him relinquish his spot between the posts, and eventually retire at the age of 34.
RB: Christian Panucci
Regarded by many as one of the classiest defenders in history, Panucci became the first Italian to play for Real when he signed from AC Milan in 1996 after winning two Serie A titles and a Champions League with the Rossoneri.
While Panucci never quite managed to establish himself as Real's first-choice right-back during his time at the Bernabeu, he was always Heynckes' go-to guy in the crunch matches, and put in a faultless display in the final against Juve.
After another season with Real following the Champions League triumph, Panucci established a reputation as a journeyman with brief spells at Inter Milan, Chelsea and Monaco, before eventually winding down his career with Roma and Parma.
CB: Fernando Hierro
Equally adept playing in defence or midfield, Hierro was - at his peak - one of the best footballers in the world, combining defensive solidarity with excellent technique. The Spain international initiated countless attacks for Los Blancos with his remarkable passing range, and also popped up with his fair share of goals, netting 126 times in his Real career.
After being released in rather unceremonious style in 2003, Hierro spent one year playing in Qatar with Al-Rayyan, before returning to Europe for one final season with Bolton, where he teamed up with former Real team-mate Ivan Campo.
He briefly dabbled with coaching, before being appointed as director of football of hometown club Malaga in July 2011.
CB: Manuel Sanchis (captain)
If someone epitomized the spirit of the "one-club man", it was Sanchis. The no-nonsense sweeper graduated from the Real academy and made his first-team debut in 1983 at the age of eighteen against Real Murcia, scoring the only goal in a 1-0 victory.
In total, Sanchis played 710 games for Real and captained Los Blancos for 13 years, but his finest hour arguably came when he led them to the European Cup in 1998. He was also part of Real's 1999/00 Champions League-winning side, although by then, he was reaching the twilight of his career, and his 11-minute cameo appearance in the final against Valencia came with the result already secured.
In addition to his two continental titles, Sanchis won La Liga eight times and the Copa del Rey twice, bettering his father, who won four La Liga titles and one European Cup during his time at Real.
LB: Roberto Carlos
Despite a growing reputation in world football, Carlos arrived at the Bernabeu in the summer of 1996 still something of an unknown quantity, having spent just one season in Europe with Inter Milan, where he showed glimpses of his class with marauding runs and powerful, swerving free-kicks.
Nonetheless, the Brazilian slotted seamlessly into the first-team upon his arrival, scoring five goals in 42 appearances in his maiden campaign with Real, before bettering that record with seven in 45 games during the 1997/98 season.
His tireless runs down the left flank added another dimension to the Real attack, and he was to become a mainstay in the side for a decade, before being gradually phased out of the starting XI in the 2006/07 season in favour of youngster Miguel Torres.
Carlos then spent two-and-a-half seasons with Turkish giants Fenerbahce, before returning to Brazil for a season with Corinthians. Last summer, ambitious Russian outfit Anzhi Makhackhala persuaded him to return to Europe, where he briefly took over as player-coach following the dismissal of Gadzhi Gadzhiyev.
DM: Fernando Redondo
Long before the likes of Andrea Pirlo, Xabi Alonso and, more recently, Jack Wilshere gained their reputations as deep-lying playmakers, a dashing Argentinean by the name of Redondo first made a name for the position by providing a creative anchor in the Real midfield.
While he exhibited the tough-tackling traits every defensive midfielder should have, Redondo also possessed excellent technical ability and a touch of Latin flair, and was equally adept at destroying and creating.
After an impressive four-year spell at fellow La Liga side Tenerife, Redondo moved to Real in 1994, where he won two La Liga titles and the Champions League twice during his six-year stay. The classy midfielder eventually moved to AC Milan, where he was hampered by injuries, making just 23 appearances in four seasons, although he managed to win another Champions League winner's medal in 2003.
While Redondo gave fans his fair share of brilliant moments (including a spectacular assist against Manchester United in 2000), he will best be remembered for refusing to cut his hair prior to the 1998 World Cup, which led to his axing from the Argentina national team.
RM: Christian Karembeu
Perhaps the one member of the Real side whose place in the starting XI was most in doubt prior to the final against Juve, Karembeu justified Heynckes' faith in him by putting in a solid display on the right side of midfield.
Like Panucci, Karembeu will perhaps never be remembered as one of the greats of football due to his nomadic nature, playing for seven different clubs across six countries.
Still, Karembeu has had his fair share of successes, winning league titles in France and Greece, the Champions League twice with Real, as well as the 1998 World Cup and Euro 2000 with the French national team. Now 41, he is working as a scout for Arsenal.
LM: Clarence Seedorf
Seedorf's quiet nature off the field means he isn't the first person that comes to mind when talking about true legends of the game, but make no mistake, when the 35-year-old does eventually call it a day, he will be remembered as one of the greatest players ever.
The Dutchman graduated from Ajax's famed academy and was a key member of the 1995 Champions League-winning side at the age of just 19, before he decided to move to Italy with Sampdoria. Real came calling a season later, and Seedorf was ever present in the side in his three-and-a-half years there, scoring 20 goals in 158 appearances.
He then returned to Italy with Inter Milan, before crossing over to the Nerazzurri's arch-rivals AC Milan, where he has played at for the last ten seasons, making close to 400 appearances for the Rossoneri. In addition to his four Champions League winner's medals (he became the first person to win the competition with three different clubs), Seedorf also has a La Liga title, two Serie A titles and two Eredivisie titles to his name, and continues to be a key player for Milan.
At one point of time, it seemed as though Raul would remain at the Bernabeu for the entirety of his career and attain the same legendary status as the likes of Sanchis. But while he is no longer in the select group of "one-club men", the prolific striker will always have a place in the Madridista's hearts.
Raul made his debut for Los Blancos as a 17-year-old, replacing the legendary Emilio Butragueno in what was described as a "passing of the crown" back in 1994. Despite never truly excelling at one any aspect of the game, Raul was an all-rounder, with his best traits arguably being his off-the-ball movement and clinical finishing. Employed just behind the strikers in the formative years of his career, the Spain international only managed two goals in the 1997-98 European campaign, but was a creative force in and around the area, carving open opposition defences with his intelligent play.
Although incoming coach Jose Mourinho wanted Raul to stay at the beginning of the 2010/11 season, the striker wasn't willing to play second fiddle to Cristiano Ronaldo, Gonzalo Higuain and Karim Benzema, and chose to leave for Bundesliga outfit Schalke, where he has since continued his impressive scoring form, bagging 19 goals last season, before adding another 13 in the current campaign so far.
In total, Raul made 741 appearances for Real, scoring 323 goals in the process.
ST: Fernando Morientes
Morientes' arrival at the Bernabeu was somewhat akin to that of David Villa when he joined Valencia in 2005 - having impressed while playing for one of La Liga's lesser lights, a move to one of the county's top teams seemed to logical next step to take in his career.
And the cultured striker certainly lived up to expectations, scoring 99 goals in 259 appearances for Los Blancos. After leaving Real, Morientes joined Liverpool where he won one FA Cup and one UEFA Super Cup, before returning to Spain for three fruitful seasons with Valencia.
He eventually ended his career after one last hurrah with Marseille, winning the Ligue 1 and Coupe de France double in the 2009/10 season, and still has one of the best goalscoring records at international level with 27 goals in 47 appearances for Spain.
Having now embarked on a career as a coach, it won't be a surprise if we hear more of him in the near future.
ST: Predrag Mijatovic
And finally, we reach the last member of the Real starting XI for the 1998 Champions League final, and the one who will be remembered for scoring the only goal of the game in the 67th minute.
Mijatovic joined Real with the reputation of being a prolific striker, having smashed in 56 goals in 104 league appearances for Valencia from 1993 to 1996. The former Yugoslavia international's first season at the Bernabeu was one to remember, as he scored 14 goals in 38 league games in Real's La Liga-winning campaign, and formed an unstoppable three-man attacking partnership with Davor Suker and Raul.
His second season was hampered by a couple of injuries which led to inconsistent form, but Mijatovic showed the best players come to the fore at the most important moments, popping up to bag the winner against Juve at the Amsterdam Arena.
Mijatovic played out the rest of his career with Fiorentina and Levante, but returned to Real in 2006 after Ramon Calderon took over from Florentino Perez as club president and appointed him as director of football.
And the former Real hero immediately set out to destroy Perez's "Galactico era", instead bringing on players with smaller reputations, but whom they believed were needed at the club. Arjen Robben, Mahamadou Diarra, Rafael van der Vaart and Klaas-Jan Huntelaar all arrived under Mijatovic's directorship.
His stint eventually ended in 2009 when Perez was re-elected as club president, but one could argue the Montenegrin can be thanked if the current Real side go on to achieve success in the coming years.
After all, it was Mijatovic who, in line with Real's new transfer policy, brought in three highly-rated youngsters from South America in January. Of that trio, two of them have developed to become key members of Mourinho's current side - Marcelo and Gonzalo Higuain.