At the European clay season, Ferrero made it to back–to–back quarterfinals at the Estoril Open and his first masters quarterfinals at the Monte Carlo Open, losing to Nicolás Lapentti and Gastón Gaudio respectively. He made it to his second final of the year at the Torneo Godó losing to Marat Safin. By doing so, Ferrero entered the top 20 for the first time at No. 18. At the final Masters series of the clay court swing, Ferrero didn't fare well, losing to lower ranked opponent. He made the third round of the Italian Open losing to Mariano Puerta and second round of the German Open losing to Andrei Pavel. However, he bounced back by reaching the semifinals of his first French Open after defeating No. 10 Àlex Corretja before losing to the eventual champion Gustavo Kuerten in five sets. He then chose not to compete at Wimbledon.