[1] In late December, Real Madrid won their first Club World Cup, defeating San Lorenzo 2–0 in the final.

[4] Overall, despite playing an attractive attacking football and being the highest scoring team in Europe with 118 league goals,[5] several heartbreaking defeats meant that Real finished the season with two trophies out of six possible, which contributed to the dismissal of Carlo Ancelotti.

However, Xabi Alonso, Pepe and Fábio Coentrão did fly to the U.S. and cut their summer breaks short and joined the rest of the team.

[22][23] On 3 August, Costa Rican goalkeeper Keylor Navas was signed from Levante for €10 million following his exuberant performances at the 2014 World Cup.

The game saw the debuts of World Cup stars James Rodríguez and Toni Kroos, as Madrid defeated the Europa League winners.

[28] In the 2014 Supercopa de España against Atlético Madrid, the first leg ended with a 1–1 draw after goals from James Rodríguez and Raúl García, going into the Estadio Vicente Calderón.

[29] Mario Mandžukić shocked Real early on after just two minutes in the second leg with the only goal of the match, which meant that Atlético won the title.

[30][31] After months of speculation, Ángel Di María completed his move to Manchester United for a British record fee of €75 million (£59.7M) on 26 August.

Even though Los Blancos took the early two-goal lead by Sergio Ramos and Gareth Bale, Sociedad tied the game at halftime before they went on to score two more in the second half.

[43] After the visitors took an early lead, Ronaldo equalized through a penalty before Arda Turan scored the decisive goal 14 minutes before the end of the match.

[44] In their first Champions League match after winning La Decima, Madrid got off to a good start by defeating Basel 5–1, scoring four goals in 22 minutes during the first half.

[45] Real Madrid then faced Deportivo de La Coruña at the Riazor, then the only stadium in the league at which Ronaldo had not scored in.

Real went on to produce a thumping 8–2 win, with a hat-trick from Ronaldo, braces by Bale and Hernández, and James chipping in with a goal.

[49] Back to the league campaign, Madrid took on Athletic Bilbao at home and came up with a convincing 5–0 victory, thanks to a hat-trick from Ronaldo and a brace from Benzema.

[55] Taking on Liverpool at the fourth matchday of the Champions League campaign, Real was able to get a narrow 1–0 victory, by a goal from Benzema.

Toni Kroos with his first goal for Madrid, Benzema and Ronaldo then produced a convincing second half display and lifted Real to a 5–1 victory.

[57] With Modrić sidelined due to an injury sustained while on national team duty (that eventually kept him out until early March),[58] Madrid took on SD Eibar for the first time in club history.

Real repeated its feat from the 2011–12 season, winning all six Champions League group stage games, an achievement not matched by any other team in the tournament's history.

[65] Real Madrid extended their streak to 20 consecutive wins with a 4–1 victory against Almería after a brace from Ronaldo and goals from Isco and Bale.

[69] Facing Atlético Madrid in the first leg of the Copa del Rey round of 16, Los Blancos were not able to come away with a win, losing El Derbi madrileño 0–2.

[75] Starting the second half of the season at Córdoba, Real needed a late penalty converted by Bale to come away with a 2–1 victory.

[76] A brace from Benzema and goals from Rodríguez and Ramos secured a 4–1 home victory for Madrid against Real Sociedad to finish January.

[78] Without five regular starters, Real suffered a 0–4 loss against Atlético, with goals from Tiago, Saúl (who scored a beautiful overhead kick), Antoine Griezmann and Mario Mandžukić.

[80] In a rematch of last year's round of 16 in the Champions League against Schalke 04, Real secured a 2–0 first leg away victory with goals from Ronaldo and Marcelo.

[88] On 1 April, Madrid confirmed the signing of Porto and Brazil full back Danilo for a fee of €31 million on a five-year deal; he would join the squad at the beginning of the 2015–16 season.

[91] Playing at Vallecano, Madrid was held scoreless until minutes after the hour mark before Ronaldo and Rodríguez helped Real to get a 2–0 victory.

[93] Real visited the Vicente Calderón to play their local rivals Atlético Madrid in the first leg of the quarter-finals in the Champions League.

[96] A late goal from Hernández after a brilliant solo run by Ronaldo gave Real their first victory in eight matches against Atlético this season and helped them reach the semi-finals of the Champions League for the fifth consecutive time.

[102] The return leg against Juventus ended in a 1–1 draw, and the dream of defending the Champions League title was shattered in the semi-finals.