During summer President Santiago Bernabéu transferred out several players such as Sanchis, Bueno, Planelles, Gento (retired), Betancort, Calpe, De La Fuente, Jimenez, Espíldora and Fermín.

The club new arrivals were goalkeeper García Remón and a teenage 19-yrs-old forward Santillana in a sign of rejuvenate the squad and a reduced transfers budget for the upcoming years.

[4] The team played the UEFA Cup for the first time and was early eliminated in Eightfinals by Dutch side PSV Eindhoven due to away goals.

[5] During June, the squad reached the 1971–72 Copa del Generalísimo semi-finals being defeated by Valencia CF lost 1–0 at Mestalla and a draw 0–0 in Madrid.

[6] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.