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Real Madrid are entering a crucial period as they play Paris Saint-Germain in the semi-finals of the FIFA Club World Cup at MetLife Stadium in New Jersey. If victorious, they will face Chelsea in the final on July 13[5]. The Madridistas reached this stage after a 3-2 win over Borussia Dortmund. Gonzalo leads the team as the tournament’s top scorer with four goals, while teammates Valverde, Mbappé, Vini Jr., Bellingham, Arda Güler, and Fran García have also contributed[5].

Transfer activity remains a headline, with Real Madrid resuming talks with Benfica to sign left-back Álvaro Carreras, expected to cost around €50m. Progress on this deal is tied to another transaction: Real Madrid and Benfica have finalized the €5m transfer of Rafael Obrador, who spent last season on loan at RC Deportivo, to the Portuguese club. This sale is set to help bridge the valuation gap for the Carreras deal, and Madrid retain a future interest clause in Obrador[1].

The Xabi Alonso era has officially begun at Real Madrid after he succeeded Carlo Ancelotti, who left to take over Brazil’s national team. Alonso takes charge after a busy transfer window that saw notable arrivals and departures. New signings include Dean Huijsen (£50m from Bournemouth), Trent Alexander-Arnold (£8.3m from Liverpool), and Franco Mastantuono (£38.5m from River Plate). Key departures feature club legend Luka Modric, Lucas Vazquez, and Jesus Vallejo, all leaving on free transfers. The club’s total summer outlay thus far amounts to £96.8m, with no notable income from transfers[2][4][6].

Off the field, Real Madrid’s request to postpone their opening 2025–26 La Liga fixture against Osasuna—citing their involvement in the Club World Cup—was denied by La Liga president Javier Tebas. Despite an alleged consensus between La Liga, the Spanish Footballers’ Association (AFE), and Madrid-based clubs to allow for a three-week off-season if either Madrid side reached the Club World Cup final, La Liga disputes that any binding agreement exists. The final ruling rests with the Competition Committee’s Sole Judge under the Spanish football association (RFEF)[3].

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