In summer 1948, both Pahiño and Miguel Muñoz signed for Real Madrid. He continued to find the net at a regular rate for his new club, winning his second "Pichichi" at the end of 1951–52. However, he lost his importance in the squad following the arrival of Alfredo Di Stéfano, who later admitted his frustration of never having played alongside him; across all competitions, he scored 124 goals in 143 matches, ranking 13th in the all-time scoring list at the time of his death.