Balboa was praised by Capello's replacement, Bernd Schuster, upon his return from loan, and his contract was extended until 2011.
Balboa came on in the second half of the UEFA Champions League home match against Olympiacos F.C. on 24 October 2007 and, during injury time, scored his first goal in the competition and for Real after being set up by Robinho, in a 4-2 win [REF].