Two windows without signing anybody. That is Real Madrid's punishment for breaking FIFA's Article 19. They are appealing to the Court of Arbitration for Sport but it is unlikely they will be able to avoid it.

Miki Soria

However, there are a few players they can still add to their squad... the ones they currently have out on loan.

Jesus Vallejo (Eintracht Frankfurt)

The centre-back has not yet debuted for his parent club, spending last year on loan at Real Zaragoza, from whence he came, and now is playing in the Bundesliga.

Burgui (Sporting Gijon)

The wide man was on loan at Espanyol last season and now in the Asturias. One assist from his two games so far.

Diego Llorente (Malaga)

The young centre-back spent last season at Rayo Vallecano and now has headed to Malaga, where he's earned a place in Juande Ramos' team.

Marcos Llorente (Alaves)

One of the great prospects from Madrid's youth system, a midfielder of great quality and good on the ball. He is one of the more likely ones to feature for Madrid in the future.

Borja Mayoral (Wolfsburg)

The Germans paid 3 million euros to loan the forward, but has just played seven minutes so far, in the German Cup.

Raul de Tomas (Real Valladolid)

After a season on loan at Cordoba, where he scored six goals, the striker has been sent to Valladolid.