Initially, Real Madrid were banned from making transfers for the two upcoming transfer windows, which would have been the January 2017 window and the Summer. Since they did not see anything they did incorrectly in regards to the transfer of minors, the club decided to appeal the ban as the final decision has just been released.
“The Court of Arbitration for Sport (CAS) has today informed Real Madrid C. F. of their decision by which they have partially upheld the appeal lodged by the club against the FIFA resolution which imposed a sanction forbidding the signing of players for two transfer windows, reducing said sanction to just one period, corresponding to the January 2017 transfer window.
The decision highlights the injustice of the original ban imposed by FIFA, although the club regrets that the CAS lacked the courage to revoke the ruling entirely.”
– Real Madrid’s official website (www.realmadrid.com)
What this simply means is that the Court Arbitration of Sport (CAS) has officially decided to reduce the ban as Los Merengues are now unable to sign any new players in the January transfer window but will be able to do so once again in the summer.
Either way, it’s rare for clubs such as Real Madrid to sign anyone in the winter unless they desperately need backup, which is not an issue at the current time. Having said that, with recent speculation of James Rodriguez leaving the club in the winter, it remains to be seen whether things will change or not given this new information.