Celtic will take on Old Firm rivals Rangers in the semi-finals of the prestigious cup competition in April.
Former Celtic midfielder and manager Hay has named the best XI for the game in The Glasgow Evening Times.
The former Scotland international would have Craig Gordon in goal, and Mikael Lustig, Dedryck Boyata, Charlie Mulgrew and Kieran Tierney in front of him in defence.
Hay wants to see Scott Brown and Nir Bitton in central midfield, with Callum McGregor wide right and Stefan Johansen wide left.
The Scotsman would like to see Kris Commons start just behind star striker Leigh Griffiths.
Hay has named a strong team, one which is capable of winning against Rangers if the players perform to the best of their abilities.
Rangers, though, will give Celtic a run for their money. Mark Warburton’s side are in brilliant form at the moment and are running away with the Scottish Championship title.