The 1992 Trofeo Villa de Madrid, also known by its sponsored name Trofeo Grupo Zeta Villa de Madrid, was a men's tennis tournament played on outdoor clay courts at the Club de Tenis Chamartin in Madrid, Spain that was part of the World Series of the 1992 ATP Tour.

It was the 21st edition of the tournament and was played from 27 April until 3 May 1992.

Fifth-seeded Sergi Bruguera won the singles title.

[3] Sergi Bruguera defeated Carlos Costa 7–6(8–6), 6–2, 6–2 Patrick Galbraith / Patrick McEnroe defeated Francisco Clavet / Carlos Costa 6–3, 6–2