The French outfit have lifted the famous trophy six times and have a star-studded squad including the likes of Antoine Dupont, Thomas Ramos, Ange Capuozzo and Blair Kinghorn.
Asked about the challenge Warriors face, stand-off Adam Hastings said: "Yeah, massive. Obviously they've won the tournament a number of times now and they're at a great level obviously. Dupont's back fit now, they were missing him so it should be exciting.
"You want to test yourself against the best teams and really see where you're at so everyone's pretty excited.
"He's one of the best players in the world, so it'll be exciting for us and something we need to focus on, but they've got a lot of quality across that team in pretty much every position.
"We'll spend a bit of time previewing them this week but a lot of the focus will be on ourselves and what we can do to nullify their threats."
Hastings is looking forward to seeing Scotland team-mate Kinghorn again.
"We've not had any comms this week so I'll give him a ring later on and see what time he gets here and what hotel they're staying at," the 29-year-old added.
"I don't know when the last time Glasgow played Toulouse would have been but I think, definitely, it would be one of the biggest scalps we could take."