England captain Billy Wright and Ferenc Puskas exchange pennants in 1953.
We look back at the most famous game between the two teams when Olympic champions Hungary, led by the inspirational Ferenc Puskas, inflicted England's first ever defeat at Wembley by a foreign side in November 1953.
The Hungarians were unbeaten in three years and their combination of short, neat passing and attacking flair had won them admirers the world over.
The writing was on the wall for the 100,000 strong crowd after just one minute when Nándor Hidegkuti sold the home defence an excellent dummy to create a yard of space before hammering the ball high into the roof of Birmingham City goalkeeper Gil Merrick's net.
England rallied and were soon level when Stan Mortensen, a late replacement for the injured Tom Finney, set up Sheffield Wednesday's Jackie Sewell with a deft pass to run through on goal and score with a low left foot shot. It was to prove a brief respite as from then on the visitors showed their class with a breathtaking display of attacking football.
Hidegkuti (pictured below), having had one goal ruled out for offside already, put Hungarians back in front minutes later before a Puskás brace gave them a well deserved 4-1 lead.
Walter Winterbottom's side refused to buckle and Mortensen gave them hope by pulling one back shortly before the break when he dashed through on goal to score and send a roar around Wembley to make it 4-2.
The Blackpool frontman was the pick of the England side that day, followed closely by Stanley Matthews and debutant Graham Robb, but after the break the game was all about the visitors.
Ten minutes after the restart Honved's József Bozsik put the tie well and truly beyond doubt when he thumped the ball into the back of the net from the edge of the box before the impressive Hidegkuti completed his hat-trick when he volleyed home a delicate lobbed pass from Puskas (pictured below).
England pulled one back on the hour when future England manager and World Cup winner Alf Ramsey converted a penalty when Mortensen was brought down in the box, but it was a mere consolation as history was made.
Puskas' side ran out comfortable winners having had 35 shots compared to England's five and went down in history as one of the best footballing sides the world had ever seen.
England:
Gil Merrick (Birmingham City) - Goalkeeper
Alf Ramsey (Tottenham Hotspur) - Right Back
Bill Eckersley (Blackburn Rovers) - Left Back
Billy Wright - captain (Wolverhampton Wanderers) - Right Half
Harry Johnston (Blackpool) - Centre Half
Jimmy Dickinson (Portsmouth) - Left Half
Stanley Matthews (Blackpool) - Outside Right
Ernie Taylor (Blackpool) - Inside Right
Stan Mortensen (Blackpool) - Centre Forward
Jackie Sewell (Sheffield Wednesday) - Inside Left
Graham Robb (Tottenham Hotspur) - Outside Left
Walter Winterbottom - Manager
Hungary:
Gyula Grosics - Goalkeeper
Jeno Buzánszky - Right Back
Mihály Lantos - Left Back
József Bozsik - Right Half
Gyula Lóránt - Centre Half
József Zakariás - Left Half
László Budai - Right Wing
Sándor Kocsis - Inside Right
Nándor Hidegkuti - Centre Forward
Ferenc Puskás - Inside Left
Zoltán Czibor - Outside Left
Gusztáv Sebes - Manager