In 1997, the FIFA chose Real Madrid as the best football team in history, for both their trophy record and their contribution to the European football expansion and collaboration with the European Cup creation.

In 1998 Real Madrid obtained both their seventh European Champions' Cup and their second Intercontinental Cup Title. In 2000 the team won their eighth European Champions' Cup Title. Florentino Pérez was appointed President. A year later, the "white" team won their twenty-eighth Spanish League Title.

In 2001 the idea of building the Real Madrid City became a reality. That same year, Zidane joined the team. He is considered one of the best football players in the world and Figo was elected best world player by FIFA.

The Real Madrid City began to be built in 2004, that very same year Florentino Pérez was reelected as the team's President and Camacho came back to Real Madrid as the coach.