Real Madrid have a reputation for being particularly frugal in the January transfer window, and manager Carlo Ancelotti has already made it clear that he neither wants nor expects much movement this winter.
That being said, there will still be a lot going on at the Santiago Bernabeu and there are a handful of issues which Real should try and address as soon as they get the chance.
Let's take a look.
1. Try sell the contract rebels
With an expensive summer on the horizon, Real could do with every cent they can find.
Expiring contracts could see Gareth Bale, Isco and Marcelo could all be sold on for minor sums in January, while the likes of Mariano Diaz, Dani Ceballos and Jesus Vallejo could also all be sold without really impacting the squad.
None of that group are going to generate too much money, but every little helps.
2. Get on the phone to Kylian Mbappe
Real are now free to speak directly to and negotiate with Kylian Mbappe, and they would be wise to do so as soon as possible.
The upcoming Champions League tie between the two clubs has complicated this and Real are reluctant to do anything to harm their relationship with the Parisians, so don't expect a deal to be agreed in January.
However, a simple message to tell Mbappe personally that there's definitely a spot waiting for him next summer would be a good step.
3. Don't go overboard with the Antonio Rudiger offer
The expectancy is that Real will make an offer to Chelsea centre-back Antonio Rudiger, who is increasingly set to become a free agent.
The German has been outstanding under Thomas Tuchel and deserves a nice pay day somewhere, but Real shouldn't throw a blank cheque at him.
Rudiger, who turns 29 in March, has had a patchy few years at Chelsea and concerns over whether he can fit into a two-man defence are valid. If he struggles in Spain, like the last man to leave Chelsea for Real, a big contract could be something Real regret pretty quickly.
4. Find left-back cover
If there's one area in which Real could do with a little extra help, it's at left-back.
Ferland Mendy has done a solid job as Real's starter, but behind him, vying for minutes are a post-prime Marcelo and young Miguel Gutierrez, the latter of whom barely even makes the matchday squad.
If Mendy gets injured, it's centre-back Nacho who slides over, but with numbers short in that position as well, Ancelotti could do with some more cover.
5. Get Luka Jovic out on loan
The chances of this happening are pretty slim as Ancelotti is going to be reluctant to trim his squad too much, but Luka Jovic really needs more minutes.
The 24-year-old obviously doesn't have a future at the club and his value is dropping further and further from the €60m Real paid to sign him in 2019. If Real want to get anything remotely close to that, Jovic needs a lot of minutes, and he's not going to get them as it stands.
Coming on in the dying embers of games when Karim Benzema's work is done is not enough for Jovic, whose career is being stunted by Real's fear of being short-handed.