Saturday night's 4-1 demolition of Juventus marked not only the first time that a team has successfully defended the Champions League, but also saw Los Blancos crowned champions of Spain and champions of Europe in the same season for the first time since 1958.
Indeed, Madrid have been European champions in three of the last four seasons, and there is a real feeling that is the start of something pretty special for Zinedine Zidane's side. bet365 offer them at 5/1 (6.00) to retain their crown next season thus making it a hat-trick of wins, the same price as eternal rivals Barcelona.
While there will be some comings and goings at the Bernabeu over the summer, expect Barcelona to make some major changes in personnel with the Blaugrana already appointing a new boss in Ernesto Valverde.
The former Athletic Bilbao manager is well thought of in Spain, yet he has never taken on a challenge quite as big as this and it remains to be seen how to copes with the increased scrutiny and expectation.
Just behind the two Spanish giants in the betting are Bayern Munich at 11/2 (6.50), with Carlo Ancelotti's side knocked out in the quarter finals this season by Madrid. Bayern were, of course, the last side other than Madrid or Barca to lift the trophy back in 2013, and these three footballing superpowers are well ahead in the betting.
Next in the market comes this season's runners up Juventus at 10/1 (11.00) while the shortest priced English club are Chelsea at 12/1 (13.00). The Blues are offered at the same price as Manchester City, and while Antonio Conte's men will be relishing a return to the European action, City will be aiming to improve on their last-16 exit this year.
Perennial quarter-finalists PSG meanwhile are offered at 14/1 (15.00) the same odds as Atletico Madrid, with Los Rojiblancos boosted by the news that both manager Diego Simeone and star forward Antoine Griezmann seems to be staying.
Elsewhere in the betting, Manchester United are priced at 16/1 (17.00) as manager Jose Mourinho aims to win the trophy with his third club, while this season's surprise package Monaco are available at 33/1 (34.00) and wealthy newcomers from the Bundesliga RB Leipzig can be backed at 50/1 (51.00).