The Blancos legend feels Jose Mourinho's side is on the right track as it chases its 10th European title this season.
The Spanish giant has one foot in the semifinals of the Champions League after their 3-0 victory over Galatasaray and travels to Istanbul for the return leg on Tuesday.
The 35-year-old, now of Al Sadd in Qatar, feels Jose Mourinho's side is in a good position to go on and claim the trophy.
"They're on the right track and I hope that La Decima comes in May," he told Tele5. "It's what all Madridistas want."
Raul won the Champions League three times during his 16-year spell with Madrid and is the competition's all-time top goalscorer.