Real Madrid did not play any official matches between 10 November and 30 December due to a mid-season break in accommodation of the 2022 FIFA World Cup in Qatar.

[14] Four days later, Lucas Vázquez and Alaba scored two second-half goals, as Madrid started their La Liga title defense with a 2–1 win at Almería.

[15] On 19 August, the club announced an agreement with Manchester United on the transfer of Casemiro, who spent nine years at Real Madrid and won 18 trophies.

[18] On the third day of the new month, goals from Vinícius and Rodrygo secured Madrid a 2–1 win over Real Betis at the Santiago Bernabéu, ending a five-year winless and goalless home run against Los Verdiblancos.

[19] On 6 September, Madrid faced Celtic away from home in the first match of the UEFA Champions League and won 3–0, with Vinícius, Modrić and Eden Hazard scoring the goals.

[23] After the international break, play resumed on 2 October and Madrid's winning run came to an end after a 1–1 home draw against Osasuna, with Vinícius scoring the only goal for the team.

[26] Three days later, Real played Shakhtar Donetsk in a Champions League game in Poland and came away with a 1–1 draw, thanks to an injury time goal from Rüdiger, which also officially qualified them for the round of 16.

[27] On 16 October, Madrid won the first El Clásico of the season, beating Barcelona 3–1 at the Santiago Bernabéu with goals from Benzema, Valverde and Rodrygo.

[34] Three days later, Madrid managed to beat Cádiz in their last game before the World Cup break, winning 2–1 at home after Militão's header and a strike from Toni Kroos.

[38] On 11 January, Madrid defeated Valencia 4–3 in a penalty shootout of the first 2023 Supercopa de España semi-final to advance to the final, after the extra time ended 1–1, as Benzema scored the only goal for Ancelotti's team.

[39] On 15 January, Madrid suffered a 1–3 defeat in the Supercopa de España final against Barcelona, with the only goal coming from a Benzema strike in injury time.

The goals came from Vinícius, Militão and Dani Ceballos, as Real ended a six-match winless run at the Estadio de la Cerámica.

[47] Three days later, Madrid claimed a record-extending fifth Club World Cup title, beating Al Hilal 5–3 in the final, with braces from Vinícius and Valverde and a Benzema goal.

Trailing 0–2 in the very beginning of the match, Real managed to take a crushing 5–2 comeback victory, after two first-half goals from Vinícius were followed up by a Militão header and a brace from Benzema.

[57] Madrid kicked off the month with a 6–0 home win over Real Valladolid, as goal from Rodrygo and Benzema first-half hat-trick were followed by strikes from Asensio and Vázquez.

[58] On 5 April, Real achieved a 4–0 away victory over Barcelona in the return leg of the Copa del Rey semi-finals and advanced to the final for the first time since 2014.

[61] On 12 April, Madrid hosted Chelsea at home in the first leg of the Champions League quarter-finals and beat the English side 2–0, as Benzema and Asensio got on the scoresheet.

[63] On 18 April, Madrid played the Champions League quarter-finals return leg against Chelsea, getting another 2–0 win and progressing to the semi-finals 4–0 on aggregate, thanks to a Rodrygo brace.

[75] In the last game of the season, on 4 June, Benzema scored his last goal for the club as the match against Athletic Bilbao ended in a 1–1 draw, which settled Madrid at the second place in the league.

[118] Source: FBREF 1 Includes Supercopa de España, UEFA Super Cup and FIFA Club World Cup.† Player left Madrid during the season.