The former Blancos star reckons Jose Mourinho's men are an improvement from the infamous side of the early 2000s, but stresses they must win trophies to prove their superiority
The current Spain boss presided over a glittered four-year spell in the capital between 1999 and 2003, winning two La Liga titles and two Champions League trophies with the likes of Raul, Zinedine Zidane, Figo and Ronaldo at his disposal.
However, the 48-year-old Michel, who spent the majority of his playing career at Madrid, is of the opinion the current squad assembled by Jose Mourinho has the potential to better the team that once reigned supreme a decade ago.
"On paper, maybe [the current team] is more spectacular, but Zidane, Ronaldo, Figo, Hierro, Roberto Carlos and Raul are players in the history of Real Madrid and the history of world football," Michel was quoted as saying by AS.
But despite acknowledging their improvements, Michel posed the reminder that Mourinho's men must now start picking up more silverware if they are to be remembered as a great Madrid team in the future.
"They have to win things, as their predecessors won La Liga titles and Champions Leagues," he added. "They must continue the cycle, even though they are stronger on paper."
Madrid are currently 10 points clear at the Liga summit with 15 games to play, while they remain in the hunt for the Champions League, having drawn 1-1 with CSKA Moscow away from home in the first leg of their last 16 tie on Tuesday.