Ryan Crotty has been named at centre, alongside second-five Sonny Bill Williams, the selectors clearly happy with the Crusader's fitness after his recovery from a rib injury.
Anton Lienert-Brown, who performed well in the No13 jersey against Manu Samoa last Friday, has been named on the reserves bench, with Aaron Cruden and Lima Sopoaga bracketed on the bench as first-five cover.
A final decision on Cruden's knee injury will be made Friday.
DREAM START: Rieko Ioane talks about being named in his first start for the All Blacks team to play the British & Irish Lions. To see the full All Blacks team for Saturday go to http://bit.ly/2szUR5D
Posted by All Blacks on Wednesday, June 21, 2017
As predicted, No8 Kieran Read returns from his thumb injury to captain the side. Aaron Smith has been named ahead of TJ Perenara at halfback.
All Blacks head coach Steve Hansen said: "This was a really tough team to pick because there were a number of players in great form vying for positions. But in the end the three selectors felt this was the best combination to take on the Lions in the first test.
Of the returns by Read and Crotty, Hansen said: "They've both been on target to return for this game all the way through, are both in great shape and, together with the rest of the squad, they're really excited at what's ahead of us.
"I'd also like to congratulate Rieko on getting his first start for the All Blacks. His outstanding form throughout the season this year, including against the Lions, has earned him his start on the wing.
"We know this is a very good British and Irish Lions team; probably one of the best to have toured here. It'll be a battle of contrasting styles which makes it an intriguing test to prepare for and to be part of. We know the importance of this match and we will bring real energy and intensity. It'll be a physical test but, just as importantly, it will be a mental test.
"There will be a unique and electric atmosphere at Eden Park on Saturday night. It's something we're really looking forward to and we can't wait."
All Blacks team to play the Lions at Eden Park on Saturday (caps in brackets):
1. Joe Moody (25)
2. Codie Taylor (16)
3. Owen Franks (91)
4. Brodie Retallick (61)
5. Samuel Whitelock (85)
6. Jerome Kaino (78)
7. Sam Cane (41)
8. Kieran Read (97)
9. Aaron Smith (59)
10. Beauden Barrett (50)
11. Rieko Ioane (2)
12. Sonny Bill Williams (34)
13. Ryan Crotty (26)
14. Israel Dagg (62)
15. Ben Smith (61)
Reserves:
16. Nathan Harris (5)
17. Wyatt Crockett (59)
18. Charlie Faumuina (47)
19. Scott Barrett (5)
20. Ardie Savea (13)
21. TJ Perenara (30)
22. Aaron Cruden (47) / Lima Sopoaga (7)
23. Anton Lienert-Brown (10)