Both defenders should be available for selection for Sunday's clash with Osasuna, but Kaka, Ricardo Carvalho and Marcelo remain sidelined
Coentrao limped out of Wednesday's 2-0 Champions League victory over Lyon after an hour and had been a major doubt ahead of Sunday's match at the Bernabeu.
Arbeloa, meanwhile, did not travel to France due to a minor muscle injury, but it seems he will also be available for selection.
Nuri Sahin also trained with the first team but it remains unclear whether the Turkey international will be available.
However, Kaka, Marcelo and Ricardo Carvalho will miss the game as they continue to nurse the injuries that kept them out of Wednesday's match at the Stade Gerland.