The Frenchman was re-installed as Los Blancos boss yesterday for his second spell in charge.
Zidane only departed the Bernabeu last May, citing the need for a rest, but Madrid have since sacked two managers in Julen Lopetegui and Santiago Solari with things having turned sour.
Madrid president Florentino Perez has reportedly promised Zidane full control over transfers in order to convince him to return.
Zidane won three Champions League titles in as many seasons in his last spell in charge and will hope to restore order in the Spanish capital – although their current campaign is virtually over given they are out of Europe, Copa del Rey and trail Barcelona by 12 points in La Liga.
There has been widespread speculation about what Zidane will do in the transfer market given the clear need for a rebuild of the squad.
Zidane’s departure – and the subsequent exit of Cristiano Ronaldo to Juventus for £88million – were hailed as the two biggest reasons for Madrid’s disappointing season so far this term.
And the newly-appointed Real Madrid manager was cheekily asked about whether he might seek to bring Ronaldo back to the club.
The 34-year-old Portuguese winger is the club’s all-time record scorer after scoring 450 goals in 438 games across nine years and his goals have been sorely missed.
While Zidane insisted that it is not anything he is currently considering, he refused to completely rule out the possibility of the superstar Ronaldo coming back.
“That is not today’s issue,” he said. “We have 11 games to play, then we will see for next year.
“We all know Cristiano, one of the best players in this club’s history.
“But today is not for talking about these things. I am not thinking yet about that.
“The most important thing is to be back at the club, and I am just thinking now about these [last] 11 games [of the season].
“We will have time to look at the rest, with the appropriate people, then we will plan for next season.”
But Ronaldo insists he is happy in Turin, where he has scored 21 goals in 35 games across all competitions, adding 12 assists.
He told Juventus TV: “I have no secrets, just my dedication and my passion for this sport, I love to play football more than anything else.
“I’ve enjoyed myself in Portugal, England and Spain and I am now doing so in Italy.
“For me, it’s a pleasure to score goals and to help my team win. I’m happy.”