Bayern will be defending a 2-1 aggregate lead in the second-leg of their Champions League quarterfinal.
Figo told Betfair, “Without a doubt, it’s a tough tie, and 1-2 is a difficult result to overturn, but if there’s a team with the greatness and quality to do it, it’s Real Madrid.
"That’s why, despite the unfavorable result at the Bernabéu and the history of this competition, I believe Real Madrid can advance to the semifinals.
"Without a doubt, effectiveness is important, especially in a match like this. Plus, it's an away game with a deficit from the first leg.
"Obviously, if Vinicius and (Kylian) Mbappé are effective and clinical, it will be much easier to get a positive result.
“But the important thing is to withstand Bayern's attacking prowess. To avoid suffering and to gain control of the game as soon as possible."
On Aurelien Tchouameni being suspended for the match, Figo added: "Could (Jude) Bellingham be the replacement? I think so. He showed in the first leg at the Bernabéu that he came off the bench very well and that he has more than enough quality to be a game-changer and turn the result around.
"For me, Bellingham should always be on the pitch, that's logical."