On 1 June 2009, Pellegrini was appointed as manager of Real Madrid, signing a two–year contract. On being presented at the presidential balcony of the Santiago Bernabéu, he said, "Hard to say in a few words the excitement and pride that one feels for having been chosen to direct perhaps the most important club in the world." He joined Real Madrid as the first manager in Florentino Pérez's second stint as Real Madrid president. After a few days, Pellegrini bought Kaká from Milan, saying, "If we want to win the Champions League and be the best team in the world, we need the best players in the world." They later bought Cristiano Ronaldo for £80 million from Manchester United, Karim Benzema from Olympique Lyonnais for £30 million, and Xabi Alonso for £30 million from Liverpool.