The 2014–15 season was Real Madrid Club de Fútbol's 111th season in existence and the club's 84th consecutive season in the top flight of Spanish football. It covered a period from 1 July 2014 to 30 June 2015.

On 25 June, Zinedine Zidane was named as the coach of Real Madrid Castilla and will manage the B team, while Real Madrid confirmed the appointment of Fernando Hierro as an assistant coach to Carlo Ancelotti, replacing Zidane.

Real Madrid's pre-season began on 14 July. Ancelotti had 22 players at his disposal, including 12 from Castilla. The players who were involved in the 2014 FIFA World Cup were still on vacation.

On 17 July, Madrid signed World Cup winner Toni Kroos on a six-year deal for a fee around €25 million to €30 million. Kroos became Madrid's first summer signing of the season.

Álvaro Morata was sold to Juventus for a fee of €20 million, while Madrid has the option of resigning him for a fee of €30 million after the first year and €36 million after the second. while Denis Cheryshev and Casemiro were loaned to Villarreal and Porto respectively for the upcoming season.

On 21 July, Madrid set off on their pre-season tour of the United States. Nineteen players were among the travelling party, with Ancelotti opting to take nine from Real Madrid Castilla to compensate for the absences of Madrid’s World Cup players, who remained on holiday. 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. Jesé stayed in Madrid to go on with his treatment at Valdebebas.

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