Los Blancos made a handful of new signings this summer, spending a total of 305 million euros, yet only Eden Hazard seems to have joined as a guaranteed starter.
Regardless, Florentino is pleased with their business.
"The squad is one of the most valuable [in the world] at 1.18 billion euros," he told the club's General Assembly.
"We have added new players, including Hazard, who has excited Madrid fans since the day of his presentation. The best player in the Europa League and the Premier League.
"[Luka] Jovic, aged just 21 and having scored 27 goals last year, to the best left-back in the French league [Ligue 1] over the last two years, [Ferland] Mendy.
"Also [Eder] Militao, who just won the Copa America.
"Rodrygo [Goes] is one of the most promising players in Brazilian football.
"[Alphonse] Areola has arrived to replace our dear Keylor Navas [whose name was met by applause from the room].
"The commitment to young players is an angular part of our model. We believe in our academy and here at Valdebebas, the values of the club are transmitted to the players."