1987–88 Real Madrid CF season

The 1987–88 season was Real Madrid Club de Fútbol's 86th season in existence and the club's 57th consecutive season in the top flight of Spanish football.

Overview
Real Madrid finished the season as champions for the third season running, claiming the club's 23rd league title overall. Los Blancos finished 11 points ahead of the runners-up, that this time were Real Sociedad. However, Madrid lost to the Basque side in the Copa del Rey semi-finals 0–5 on aggregate and were knocked out at the same stage of the European Cup by PSV Eindhoven.