Atletico Madrid president Enrique Cerezo has claimed that his team are "undisputed favourites" to beat Real Madrid in the first leg of their Champions League quarter-final.

Atletico lost to Real Madrid in last season's European Cup final, but have since gone six games unbeaten against their capital rivals.

Both managers have refused to talk about favourites prior to the match, but Cerezo has thrown his support behind the Spanish champions.

"Our expectations are pretty good. We should see a good game. Atletico are undisputed favourites for the match but the tie itself is actually even," Cerezo told reporters.

Atletico beat Real Madrid 4-0 in the league the last time that the two teams met at the Vicente Calderon.