Long-term absentees Keylor Navas, Gareth Bale and Mateo Kovacic miss out, while Achraf Hakimi and Marcos Llorente have also been left out of the squad.
Modric, Carvajal, and playmaker Isco were all doubts for the highly anticipated matchup, but they are fit for action.
Here is the 18-man squad in full:
Goalkeepers: Kiko Casilla, Moha Ramos.
Defenders: Dani Carvajal, Sergio Ramos, Raphael Varane, Nacho, Marcelo, Theo Hernandez.
Midfielders: Toni Kroos, Luka Modric, Casemiro, Marco Asensio, Isco, Dani Ceballos.
Forwards: Cristiano Ronaldo, Karim Benzema, Lucas Vazquez, Borja Mayoral.
This is our 18-man squad for tonight's #RMDerbi match against @atletienglish!#RMMovistar pic.twitter.com/eo6tMk2d0b
— Real Madrid C.F. (@realmadriden) 18 de novembro de 2017