Pre-season On 3 June, at the end of the 2022–23 season, Madrid announced the departure of
Marco Asensio with the player having spent seven seasons playing for
Los Blancos. On the same day, the club said goodbye to
Mariano and
Eden Hazard. The following day, Madrid announced an agreement with
Karim Benzema for the club captain to depart in the summer after 14 years of service, with the Frenchman leaving the club as the joint-most decorated player in Real's history, having won 25 trophies. On 9 June, Madrid confirmed the return of the former
club's academy player,
Fran García, triggering the release clause to sign him from
Rayo Vallecano on a four-year contract. The next day, Madrid announced that
Brahim Díaz will be part of the first team for the 2023–24 season, additionally extending his contract until 2027. On 14 June, Madrid announced the signing of young midfielder
Jude Bellingham from
Borussia Dortmund, penning a six-year deal with the Englishman. Five days later, Madrid brought back another club's youth academy product, signing
Joselu on a one-year loan from
Espanyol. On 21 June,
Toni Kroos renewed his contract with the club until 2024. The next day, Madrid announced that the club's new captain,
Nacho, had extended his contract for one more season, keeping him at Real until 2024. On 23 June,
Dani Ceballos extended until 2027. Three days later, Madrid and
Luka Modrić agreed on a one-season extension, with the Croatian signing a contract until 2024. On 6 July, Madrid announced the signing of
Arda Güler from
Fenerbahçe, agreeing a six-year deal with the Turkish talent. On 15 July,
Jesús Vallejo joined
Granada on a season-long loan.
August On 12 August, Madrid started their 2023–24 campaign with a 2–0
El Viejo Clásico win at the
San Mamés, beating
Athletic Bilbao in the first matchday of
La Liga with a strike from
Rodrygo and Bellingham's debut goal. Two days later, following
Thibaut Courtois'
ACL injury, Madrid signed
Kepa Arrizabalaga from
Chelsea as his replacement on a season-long loan deal. On 19 August, Madrid took on
Almería on the road and managed to get a 3–1 win, thanks to a brace from Bellingham and a goal from
Vinícius Júnior. Six days later, a late Bellingham header helped Madrid to obtain a narrow 1–0 away win against
Celta Vigo and continue their perfect league start.
September On 1 September, the deadline day of the summer transfer window,
Álvaro Odriozola returned to
Real Sociedad on a permanent basis. The following day, a close-range goal from Joselu and Bellingham's
injury time winner gave Ancelotti's side a 2–1 comeback win over
Getafe in their first league game of the season at the
Santiago Bernabéu. After the
international break, on 17 September, second-half goals from
Federico Valverde and Joselu earned Madrid a 2–1 home win over Real Sociedad, extending the team's winning run to five games. Three days later, another late winner from Bellingham clinched Madrid a 1–0 win against
Union Berlin in the first matchday of the
Champions League. On 24 September, Ancelotti's side suffered their first defeat in the season, as the away
Madrid derby match against
Atlético Madrid ended in a 1–3 loss, with the team's only goal coming from Kroos. Three days later, Madrid defeated
Las Palmas 2–0 at home, as Brahim and Joselu got on the scoresheet. The last match of September ended in another win for Real after they beat
Girona 3–0 away on 30 September to reclaim the league's first place, courtesy of goals from Joselu,
Aurélien Tchouaméni, a debut one for the Frenchman, and Bellingham.
October On 3 October, finishes from Vinícius and Bellingham, as well as an own goal, got Madrid a 3–2 turnaround win over
Napoli at the
Stadio Diego Armando Maradona in their second Champions League match of the season. Four days later,
Osasuna was beaten 4–0 at home, thanks to a brace from Bellingham and goals from Vinícius and Joselu. After another international break, Madrid returned to play on 21 October with a 1–1 away draw against
Sevilla, as
Dani Carvajal got on the scoresheet. Three days later, Madrid faced
Braga away from home in the Champions League, beating the Portuguese side 2–1 with goals from Rodrygo and Bellingham. On 28 October, Bellingham scored two goals to give Madrid a late 2–1 comeback victory over
Barcelona at the
Olímpic Lluís Companys in the first
El Clásico of the season. Three days later, Vinícius prolongated his agreement with the club through 2027.
November On 2 November, Madrid announced that Rodrygo had renewed his contract until 2028. Three days later, Madrid's home game versus Rayo Vallecano ended in a 0–0 stalemate. On 7 November,
Eduardo Camavinga extended until 2029. The next day, Champions League goals from Brahim, Vinícius and Rodrygo qualified Madrid to the
knockout phase, as Ancelotti's side defeated Braga 3–0 at the Santiago Bernabéu. On 9 November, Valverde signed a contract extension until 2029. On 11 November, an early Carvajal goal and braces from Vinícius and Rodrygo gave Madrid a smashing 5–1 victory over
Valencia at home. On 26 November, Madrid's away league game versus
Cádiz ended in a 3–0 win with a Rodrygo brace and a goal from Bellingham. Three days later, Madrid secured the first spot in their Champions League group with a 4–2 win against Napoli, as first-half strikes from Rodrygo and Bellingham were followed up by the debut goal from
Castilla's
Nico Paz and Joselu's close-range shot.
December Ancelotti's side started the month with a win, beating Granada 2–0 on 2 December, with goals from Brahim and Rodrygo. A week later, Madrid took on
Real Betis, but was unable to take three points, as Bellingham's goal gave his team a 1–1 draw. On 12 December, a brace from Joselu and Ceballos' goal helped Madrid to get a 3–2 win over Union Berlin and a perfect result in the Champions League group stage for the third time in the club's history. Five days later, Madrid's last 2023 game at the Bernabéu ended in a 4–1 victory over
Villarreal, as Bellingham, Rodrygo, Brahim and Modrić got on the scoresheet. On 21 December, a
Lucas Vázquez header in injury time gave Madrid a 1–0 win over
Alavés to end the year as the league leaders. Eight days later, Ancelotti renewed his contract until 2026.
January On 3 January, Madrid started off 2024 by beating
Mallorca 1–0 at the Bernabéu, thanks to a late headed goal by
Antonio Rüdiger. Three days later, goals from Joselu, Brahim and Rodrygo helped Madrid to get a 3–1
Copa del Rey win over
Arandina and progress to the round of 16. On 10 January, the first
2024 Supercopa de España semi-final ended in favor of Real, as goals from Rüdiger,
Ferland Mendy and Carvajal helped Madrid reach extra time, where a deflected header from Joselu and Brahim's long-range shot on an
empty net gave their team a 5–3 win over Atlético Madrid. Four days later, the Brazilian duo of Vinícius and Rodrygo scored all goals in Madrid's 4–1 victory over El Clásico rivals Barcelona, with the former getting his second career hat-trick to help Real conquer their 13th Spanish Super Cup title. Three days later, Madrid won 3–2 after being down by two goals against Almería at half-time, with the goals coming from Bellingham and Vinícius, as well as a stoppage time winner by Carvajal. On 24 January,
Éder Militão signed a contract extension until 2028. Three days later, Madrid beat Las Palmas 2–1 away, with a goal from Vinícius and a late winner by Tchouaméni.
February On 1 February, a brace from Joselu gave Madrid a 2–0 away victory over Getafe in the first game of the month. Three days later, another match against Atlético Madrid ended in a 1–1 draw at the Bernabéu, as Brahim's first-half goal was cancelled out by a late equaliser. On 10 February, Madrid won 4–0 over Girona at home to strengthen their lead in the league, through goals from Vinícius and Rodrygo, as well as a brace from Bellingham. Three days later, a wondergoal from Brahim was enough to beat Champions League round of 16 opponents
RB Leipzig 1–0 in the first leg. On 18 February, Madrid was halted by Rayo Vallecano to a 1–1 draw away, with Joselu getting on the scoresheet. Seven days later, Sevilla was defeated 1–0 at Bernabéu, courtesy of a late strike from Modrić.
March The month started for Madrid with a 2–2 away draw against Valencia on 2 March, as Vinícius got a brace. Five days later, Vinícius scored his team's goal in the 1–1 home draw of the Champions League second leg against RB Leipzig, prevailing Madrid to the quarter-finals. On 10 March, Madrid beat Celta Vigo 4–0 at home, with strikes from Vinícius and Güler, a debut one for the Turk, as well as two own goals. Six days later, Madrid beat Osasuna 4–2 away, as Vinícius got on the scoresheet twice alongside Carvajal and Brahim. On 31 March, Madrid concluded the month at home with Rodrygo's brace sealing a 2–0 victory against Athletic Bilbao. The match also saw the return of Militão from his ACL injury.
April On 9 April, Madrid opened the month with the first leg of the Champions League quarter-finals tie against
Manchester City at home, as an own goal and strikes from Rodrygo and Valverde helped Real to end the match in a thrilling 3–3 draw. Four days later, a lone goal from outside the box by Tchouaméni gave Madrid a 1–0 win at Mallorca. On 17 April, Rodrygo's goal was enough to see Madrid hold Manchester City to a 1–1 draw at the
City of Manchester Stadium in the second leg of the Champions League quarter-finals, sending the tie to extra time and ultimately penalty shootout, where Ancelotti's side prevailed 4–3 to book their place in the semi-finals. Four days later, Madrid managed to get a 3–2 victory over Barcelona at the Santiago Bernabéu with the help of goals from Vinícius and Vázquez and a stoppage time winner from Bellingham, sealing their third El Clásico win in a row this season, for the first time since
1935–36. On 26 April, Madrid's away game against Real Sociedad ended in a 1–0 win, as Güler scored on his first La Liga start. Four days later, a double from Vinícius earned Madrid a 2–2 away draw against
Bayern Munich in the first game of the Champions League semi-finals, which was the first
European Clásico for Real since the
2017–18 encounter.
May Madrid started the month with a home match against Cádiz on 4 May, as second-half goals from Brahim, Bellingham and Joselu gave Real a 3–0 win. This game also marked Courtois' first appearance of the season after recovering from his knee injuries. On the same day, with Girona beating Barcelona 4–2, Madrid were crowned La Liga champions for the record-extending 36th time. Three days later, Madrid took on already-relegated Granada, winning 4–0, as García's debut goal for the club was followed up by a finish from Güler and a brace from Brahim. On 14 May, an early opener from Bellingham with Vinícius' brace and goals from Valverde and Güler gave Ancelotti's side a crushing 5–0 win over Alavés, as Madrid kept a club record 20th clean sheet in this La Liga campaign. Five days later, Madrid gave up a three-goal lead away to Villarreal at the
Estadio de la Cerámica, the match ending in a 4–4 draw, with goals from Vázquez, Joselu, and a double from Güler. On 25 May, in the season's last league game, Madrid drew Real Betis 0–0, as Kroos bid a farewell to the Bernabéu.
June Madrid's only game of the month and their last match of the season was the Champions League final at the
Wembley Stadium against
Borussia Dortmund. A header from Carvajal and a strike from Vinícius late in the second half prevailed
Los Blancos to a 2–0 win, as they clinched a record-extending 15th European Cup, their sixth in eleven years, Ancelotti's third in charge and fifth overall, the most among the managers, with Carvajal, Kroos, Modrić and Nacho equalling
Paco Gento’s record of six European Cup titles and surpassing the former trio consisting of
Karim Benzema,
Gareth Bale, and
Cristiano Ronaldo. ==Kits==