The France striker was once the scapegoat of the La Liga side, receiving blame for their defeats and being unfavourably compared to the best-performing forwards in the world.
Now, however, Karim Benzema is back with a bang. The 26-year-old has 21 goals to his name in all competitions this term - and he has well and truly worked his way back into Madrid supporters' hearts. Gonzalo who?
But while Carlo Ancelotti's side, whose bid for silverware on three fronts is looking healthier by the week, are the main party to profit from the Frenchman's terrific form, there are also other winners...
Indeed, reports indicate that Real are unlikely to part company with Benzema while he is leading their line with such style. And no one is likely to welcome that news as much as Brendan Rodgers' Liverpool side.
The reason, of course, is Luis Suarez.
The Reds' prize asset, the Uruguayan has helped lead Liverpool's charge towards the top four with 24 goals and 10 assists this season, as well as signing a new long-term deal at Anfield earlier in the season.
But after the 27-year-old's heavy flirtation with Arsenal last summer, there have always been worries that the Uruguayan may seek pastures new at some point in his career. Were he to do so, Madrid would be the perfect destination.
As much as Suarez's bond with Liverpool has only grown stronger and stronger, his convictions would still be truly put to the test if Real came calling.
With Benzema on fire for Ancelotti's men, however, it may never get to that situation. If the Frenchman stays at the Bernabeu and Suarez stays at Anfield, both clubs might finally gain a sense of status quo during the transfer window.
Benzema's form, then, comes as great news on these shores. In practice, the 26-year-old is doing Liverpool as much of a favour as he is Madrid every time he hits the back of the net.
Should Real Madrid stick with their current options or buy a new striker this summer?
image: © Jan S0L0