The Portuguese suffered a sprained ankle against Barcelona on Sunday but could even play again in La Liga before the season is over.
Real Madrid are certain Cristiano Ronaldo will be fit for the Champions League final, and have not ruled out the possibility of him playing in La Liga again this season.
The Portuguese was withdrawn at half-time of Sunday's draw with Barcelona having picked up an ankle injury in the process of scoring in the early stages at Camp Nou.
Concerned Madrid supporters feared the worst for their star forward, who has scored 15 goals in 12 European appearances this season to lead them to the final against Liverpool in Kiev on May 26.
Blancos boss Zinedine Zidane initially eased those fears, claiming the injury was only a sprain and that it would be unlikely for him to miss the final .
And Goal understands that after further tests the club are happy with how their prized asset is shaping up, with Ronaldo himself having spent Monday morning starting his recovery at the club's training ground.
Despite that, Ronaldo will definitely miss Wednesday's clash with Sevilla in the Primera Division and is highly likely to be ruled out of Saturday's match against Celta Vigo.
But Madrid are quietly confident that he could yet be available to face Villarreal on the final weekend of the Liga season ahead of their pursuit of a third European title in four seasons a week later.
Despite that encouraging news, the injury is likely to end any hopes Ronaldo has of catching Lionel Messi in the race for this season's Pichichi Trophy.
Messi leads the way to be named La Liga's top scorer with 33 goals, with Ronaldo still eight strikes behind.