Real retained the Champions League for the third season on the bounce in May with a 3-1 victory against Liverpool and Sergio Ramos gave his side the lead from 12 yards when Juanfran was adjudged to have handled in the box just after the hour mark.
Elsewhere, however, reports in Spain suggest Real Madrid would not have been able to select the former Chelsea stopper even if they wanted to.
The Wales worldwide scored with a brilliant acrobatic effort - one of two he scored in the game - as Real Madrid beat Liverpool in Kiev to claim their 13th European crown.
The Croatia captain has been linked with a Real Madrid exit having won La Liga once in 2016-17 and four Champions League titles, among many other trophy triumphs since his move from Tottenham in 2012. The match starts at 20:00 on 15 August 2018.
Here, Sports Mole looks at how Bale has fared against Atletico in the past.
To find out how to watch a live stream of Wednesday's Real Madrid vs. Atletico Madrid UEFA Super Cup, see the streaming information at the bottom of this article.
The Spanish global gave the defending Europa League titleholders the lead just 49 seconds into the match at A. Le Coq Arena in Tallinn, Estonia.
"I know clearly who is going to play, but I will not give you the team", he said.
Real Madrid v Atletico Madrid (Kick-off 8.00pm).