In addition to the domestic league, Rayo Vallecano participated in this season's edition of the Copa del Rey.

[2] The club transferred in several players such as Pichichi trophy 5-times-winner Hugo Sanchez[3] seeking to replace Anton Polster who was transferred out to FC Köln, midfielder Orehuela from Atletico Madrid, Onesimo and young striker Ismael Urzaiz from Celta Vigo.

After a bad streak of results, President Ruiz Mateos sacked head coach Felines and appointed Fernando Zambrano on 31 October 1993 [4] however, the squad still lost the path in League even with the appointing of Teresa Rivero as new club President, the first woman in that charge in La Liga history[5] who fired Zambrano on 4 February 1994 replacing him with David Vidal for the rest of the season.

The team felt below to a Relegation Playoff against SD Compostela descending to 1994-95 Segunda Division after three matches.

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