Jeev Milkha Singh will be the lone Indian golfer in the Asian that will take on Europe in the sixth Royal Trophy clash this week.
The ace Indian is one of the three Asians to have played the Royal Trophy on earlier occasions and this time he is also on the Championships Committee.
Ozaki is captain of the Asian Team for the fifth time, while it is only the second time that Olazabal has taken on the captaincy of the European Team.
The two clashed in 2009 during the third edition of The Royal Trophy, which resulted in Asia's only win in the event.
The match play competition is a brainchild of the late, five-time Major champion Severiano "Seve" Ballesteros, who envisioned The Royal Trophy to push golf in Asia, just as the Ryder Cup did in Europe in the 1980s and 1990s.
This year's edition is the first since Ballesteros died last year from cancer.
The European team: Jose Maria Olazabal (Captain); Nicolas Colsaerts; Gonzalo Fernández-Castaño; Miguel Angel Jimenez; Edoardo Molinari; Francesco Molinari; Marcel Siem; Henrik Stenson.
The Asian Team: Jumbo Ozaki (Captain); Liang Wen-chong; Kiradech Aphibarnrat; Bae Sang-moon; Yoshinori Fujimoto; K.T. Kim; Jeev Milkha Singh; Wu Ashun; Y.E. Yang.
Jimenez proves age no factor in Hong Kong victory
Jeev finishes 17th at JT Cup in Tokyo
Dubai golf: Jeev dedicates course record to ailing mum
Hong Kong Open: Randhawa tied 17th
Jeev pulls out of Hong Kong Open