Real Madrid statement on Fifa transfer ban
Real Madrid responded to Fifa's confirmation of the two period transfer ban with a statement indicating their decision to appeal.

Real Madrid have released a statement after their transfer ban was upheld by Fifa on Thursday, saying they would appeal the two window transfer ban to the Court of Arbitration for sport.
Real Madrid announcement
The text of the communique in full is as follows:
In light of today's decision by the FIFA Appeal Committee, Real Madrid C. F. wishes to communicate the following:
1. The club regrets said decision, understanding it to be deeply unjust and contrary to the fundamental principles of disciplinary law.
Related stories
2. The club will begin the appropriate appeals procedure before the Court of Arbitration for Sport (CAS), requesting that the decision be completely overturned, with absolute confidence that said organisation will come to an entirely favourable decision.
3. Real Madrid C. F. will request that the procedure be undertaken in an urgent manner in order to obtain a decision from the CAS as quickly as possible.