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Mourinho rules out January signings as Real Madrid prepare for reduced transfer budget

Jose Mourinho says he does not expect to ask Real Madrid to sign players during the January transfer window, despite the club’s budget being set to fall after a major summer spending spree.

The Portuguese manager spent about €225M building his squad for the 2026/27 season, including a club-record €125M move for Yan Diomande. Marc Cucurella, Denzel Dumfries and Carlos Espi were also brought in during the summer.

That significant investment means Mourinho will have less money available when the transfer window opens at the start of the calendar year. However, he is content with the squad and intends to keep Endrick Felipe in Madrid.

“Eder Militao will be back in the squad soon. I'm not asking for signings, I'm happy. The players are improving, especially if we have time and peace,” Mourinho said.

The manager also said he prefers to work with a smaller group of players and would not seek additions unless there was a corresponding departure.

“I'm not the type to ask for players. I like a small squad. For someone to come in, someone would have to leave. If the board considers something, we'll evaluate it, but I don't take the initiative to request players.

“I'm not asking for one or two signings.”

Militao’s return from injury will further strengthen Mourinho’s options. Once the defender is back in the squad, Real Madrid will have only two long-term absentees: Rodrygo Goes and Raul Asencio.

Mourinho’s comments indicate that Real Madrid’s current priority is to continue developing the players already at the club rather than make further additions in January. He said the squad was improving and that stability and time would benefit the team.

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