Arsenal and PSG will clash in the Champions League final at the Puskas Arena in Budapest on Saturday.
Both teams qualified for the competition after beating Atletico Madrid and Bayern Munich in the semi-final stage.
Speaking to UEFA’s website, Rice said the Premier League champions will have to be on their ‘A game’ to beat the Champions League defending champions.
“PSG are a really good side. [We] played them over two legs last year. It could have gone either way, so speaking about it now, may the best team win,” Rice said.
“You need to be on your A game to beat PSG. You need that fuel in your belly from the first whistle, that you are going to win this final.
“It’s the biggest competition in football. Champions League final, it gets no bigger than that.”
