The retired striker is in awe with the way the season went for the club and called on his former side to win the continental tournament next term
The Spanish capital club came close to reaching the tournament final in this campaign, but lost to Bayern Munich on penalties in the semi-final round.
"I hope the Champions League will come next year," he told Real Madrid TV. "Unfortunately, they could not win it this year.
"It is a shame what happened against Bayern, but a penalty shoot-out is a lottery."
Ronaldo, who retired from football in 2011, went on to add that he is impressed with Madrid's scoring record in La Liga, as Los Blancos scored 121 goals throughout the season to set a new record in the competition.
"They are improving more and more," the 35-year-old noted. "I am very happy for all the records they have broken, the goals they have scored, and they way they have played.
"I think they are doing very well, playing as a team. Real Madrid won the league title because they played better. This title is special because it brings Barcelona's run to an end and winning against them is also important.
"They are very strong, very solid, and next season will be fun to watch."