"Even I don't remember when was the last time we met but I am looking forward to meet him," said Schumacher who is in the capital for this Sunday's Indian GP.
Tendulkar, an avid F1 fan, has already stated that he would be supporting the Vijay Mallya-owned Force India during the Indian GP.
"I am excited about Indian Grand Prix F1 race. I will support the Force India team. I have friends like Michael Schumacher but I will support Force India because that is the Indian team and country comes first," Tendulkar said.
Schumacher's teammate Nico Rosberg, meanwhile, has been exploring the city and even took a rickshaw ride while checking out Old Delhi.
"It was crazy after coming from Europe. I also rode a scooter on the track (for the race)," he said.