Real started the new year with a 2–0 win over Celta Vigo on 2 January. The goals were scored by Vázquez and Marco Asensio. A week later, the match at Osasuna ended in a goalless draw. On 14 January, Madrid lost in the semifinal of the 2020–21 Supercopa de España against Athletic Bilbao with 1–2, with a late goal from Benzema not being enough. Real was knocked out of the 2020–21 Copa del Rey exactly one week later, after losing 1–2 at Alcoyano, where Éder Militão gave Madrid the lead. On 23 January, Real defeated Alavés 4–1, with a brace from Benzema and goals from Casemiro and Hazard. A week later, the match against Levante was lost 1–2, even though Asensio gave Madrid the early lead.