Real Madrid have geared up for a big offseason, and it's in full swing now that the July transfer window has begun.
While president Florentino Perez and new manager Carlo Ancelotti look to build their Los Blancos squad for the future, questions are starting to surface as to who will be included on the new-look Madrid unit.
Let's take a look at the latest buzz and news coming out of the Santiago Bernabeu.
The Brazilian superstar has seen better days at Real Madrid, but he might also see more days after the latest news.
Kaka is a phenomenon, but he got injured in the last World Cup and had to have an operation on his knee.
Then [Mesut] Ozil arrived and took his place in the team from him, but he is still one of the greats of the game. He is the second most followed footballer on Twitter, after Cristiano Ronaldo.
He is charming and excites the fans. I'm optimistic that, under Ancelotti, who knows him very well, he can be the same magical Kaka again that we signed.
After arriving from AC Milan in a £53.5 million deal in 2009, Kaka has been underwhelming as of late for Los Blancos. He only started 14 games in all competitions last year.
However, Madrid's president made it clear that the experienced forward has a future in Spain.
The young Spaniard is now officially a Real Madrid player according to a release from their official website, and he's now showcasing his excitement over the big-money deal.
Per Alec Fenn of Goal.com, Illarramendi wasn't shy on how ecstatic he is about moving to the La Liga giants.
Today is a very special day for me. Getting the chance to play here is a very unique opportunity. I will give everything for this crest.
It’s clear that Real Madrid are the best club in the world; they’ve proved it over the years. The president and his entire board of directors made a massive effort so that I can be here today and there’s nothing more I can do than thank them as well as all the fans who gave me such an incredible welcome.
The 23-year-old's relationship with Xabi Alonso was a big part of his move to Madrid, which he noted in Fenn's report as well.
"I also spoke to Xabi Alonso, who advised me to come because he said it was incredible," Illarramendi said. "He's a great player, he’s always been a leader and I hope to learn a lot playing with him."
At a defensive midfield position, Illarramendi could certainly learn from Alonso's experience at the position and his style of play. They both boast a passing-oriented, possession-based attack that will help Madrid continue their dominance.
After being a consistent first-teamer in Spain's U-21 Euro championship, Illarramendi was sure to break the bank for a major club, and he's done that in Madrid.
The young Spanish winger, who's simply known as Jese, is set to remain with Madrid.
According to Francisco Acedo of Sky Sports, Real Madrid have "no intention of allowing (Jese) to leave the club this summer."
The 20-year-old youngster is 5'10" and has only made one appearance for Real Madrid's first team in 2011. However, he's had a promising career thus far with their B squad, amassing 32 goals in 80 appearances.
His emergence, along with his lack of playing time in Madrid, have made him a hot commodity on the transfer market. As Sky Sports reports, he earned interest from clubs like Tottenham of the Premier League.
In that Sky Sports report last week, Jese was noted as saying that he's unsure of how many minutes he'll get with the first team at Real Madrid.
While he's still a year or two away from having a realistic shot at regular playing time, there's no doubt that Jese is one of the most prized young players in the world. He excelled for Spain's U-21 squad at the 2013 Euro Championships and looks poised to continue his breakout.