Bellingham has missed his side's last three matches with the problem that he picked up against Girona on February 10.
The England international has been back in individual training, but no risks will be taken with him ahead of next week's Champions League last-16 second leg with RB Leipzig.
Joselu is again definitely absent for Real Madrid due to an ankle problem of his own, while Thibaut Courtois, Eder Militao and David Alaba remain out due to ACL injuries.
The squad will be boosted by the returns of Dani Carvajal and Eduardo Camavinga, though, with the pair available again after serving suspensions against Sevilla last time out.
Head coach Carlo Ancelotti could take the chance to rest Toni Kroos, with Camavinga potentially coming in, while there will be a return at right-back for Carvajal.
Brahim Diaz is again expected to benefit if Bellingham is indeed missing, with the attacker set to operate behind a front two of Vinicius Junior and Rodrygo.
Meanwhile, Andriy Lunin is again likely to be given the nod over Kepa Arrizabalaga between the sticks, having started each of the team's last six La Liga matches.
Real Madrid possible starting lineup: Lunin; Carvajal, Rudiger, Nacho, Mendy; Valverde, Tchouameni, Camavinga; Brahim; Rodrygo, Vinicius