| Season: | 1991–92 |
| Chrtitle: | President |
| Mgrtitle: | Head coach |
| League Topscorer: | Fernando Hierro (21) |
| Season Topscorer: | Fernando Hierro (26) |
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| Nextseason: | 1992–93 |
The 1991–92 season was the 61st season for Real Madrid C.F. in La Liga.
Real Madrid won no trophies for the second season in a row. Real Madrid handed the league title to Barcelona on the final day of the campaign after a 3–2 defeat against Tenerife, even throwing away a 2-0 lead. Serbian coach Radomir Antić was suddenly sacked in January despite Real leading the league in the standings.
On the other hand, Real lost the Copa del Rey final to Atlético Madrid and also suffered an embarrassing exit in the 1991-92 UEFA Cup at the hands of Torino.
| In | |||||||
|---|---|---|---|---|---|---|---|
| width=3% | Pos. | width=32% | Name | width=30% | from | width=35% | Type |
| MF | Robert Prosinečki | Crvena Zvezda | |||||
| MF | Luis Enrique | Sporting Gijón | |||||
| DF | Ricardo Rocha | São Paulo FC | |||||
| DF | Mikel Lasa | Real Sociedad | €1,7 million | ||||
| Out | |||||||
|---|---|---|---|---|---|---|---|
| width=3% | Pos. | width=32% | Name | width=30% | To | width=35% | Type |
| GK | Julen Lopetegui | CD Logroñés | |||||
| FW | Losada | Atlético Madrid | |||||
| MF | Santiago Aragon | Real Valladolid | |||||
| DF | Solana | Real Zaragoza | |||||
| DF | Predrag Spasić | CA Osasuna | |||||
| FW | Ismael Urzaiz | Albacete Balompié | |||||
See main article: 1991–92 La Liga.
See main article: 1991–92 Copa del Rey.
See main article: 1992 Copa del Rey Final.
See main article: 1991–92 UEFA Cup.