1948–49 Real Madrid CF season

During summer Bernabeu reinforced the team with several players including young star midfielder Pablo Olmedo,[1] midfielder Miguel Muñoz[2] and top goalscorer Pahiño came from Celta Vigo,[3] and midfielder Jesus Narro was bought from Real Murcia.[4] In the league the squad reached the first spot after ten matchdays, but then collapsed to ultimately finish in the 3rd spot. New arrival forward Pahiño played in a superb form scoring 21 goals. In June, the club advanced to the 1948–49 Copa del Generalísimo round of 16 where they were defeated by Atletico de Bilbao in a playoff game after two draws.

Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.

No. Pos. Nation Player — GK  ESP José Bañón — DF  ESP Clemente Fernández — DF  ESP Azcarate — DF  ESP Guillermo Pont — MF  ESP Pablo Olmedo — MF  ESP Miguel Muñoz — MF  ESP Narro — MF  ESP Montalvo — FW  ESP Pahiño — FW  ESP Macala — FW  ESP Sabino Barinaga

No. Pos. Nation Player — GK  ESP Adauto — FW  ESP Arsuaga — MF  ESP Ipiña — DF  ESP José Mariscal — DF  ESP Javier Marcet — DF  ESP Vidal — GK  ESP Garcia Martin — DF  ESP Soto — MF  ESP Luis Molowny — DF  ARG Navarro — MF  SCO John Fox Watson