Last 16 draw. First leg on 10 January and second leg one week later at the Bernabéu. LAST 16 PAIRINGS:
Real Madrid will face Real Betis Balompié in the Last 16 tie of the 2006/07 King's Cup. The first leg will be played at the Ruiz de Lopera Stadium on 10 January, while the return leg will be one week later at the Santiago Bernabéu.
Real Madrid will play in the Group E. The Schedule of the group phase is given bellow-
| Group E | Real Madrid | Olympique Lyon | Steaua Bucharest | Dynamo Kiev |
| 13 Sept | Olympique Lyon | | Real Madrid | League phase day 1 |
| 26 Sept | Real Madrid | Vs | Dynamo Kiev | League phase day 2 |
| 17 Oct | Steaua Bucharest | Vs | Real Madrid | League phase day 3 |
| 1 Nov | Real Madrid | Vs | Steaua Bucharest | League phase day 4 |
| 21 Nov | Real Madrid | Vs | Olympique Lyon | League phase day 5 |
| 6 Dec | Dynamo Kiev | Vs | Real Madrid | League phase day 6 |
