The Court of Arbitration of Sport (CAS) granted Real Madrid permission to sign players next summer, the club announced via an official statement on their site.
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.
This is huge for Madrid, as they won't need to wait until January 2018 to register new players and improve the current squad if needed. So Madrid will stay put in the upcoming transfer window —other than James potentially leaving the club— and then take a look at the market next summer as usual.