By FOX Sports staff
With just eight games left to play, Los Blancos look destined to relinquish the La Liga crown to bitter rivals Barca, who maintained their charge on Saturday with a 5-0 win over Real Mallorca.
Nonetheless, Real were also big winners as they beat Levante 5-1 at the Santiago Bernabeu to warm up for Tuesday's UEFA Champions League quarter-final second leg against Galatasaray in fine style.
But while a continental triumph appears to be his side's best chance of winning silverware this season, Karanka insists there is still plenty for them to play for in the league as they look to hold off the charge of local rivals Atletico Madrid, who are breathing down their necks in third place.
"At the beginning [of the season] we did not win several matches," he said on the club's official website. "But since then, there have been other matches like the other day [against Real] Zaragoza, when we didn't win.
"We can't look at what has happened before. Conclusions have already been drawn and now we have to look at what is left and what is important, which is a lot.
"The players who do not get many chances have these [remaining league] matches to play in and have their chance to prove they are capable of being in the side.
"And also, we are motivated by finishing second, because Atletico are a point behind [if they beat Getafe on Sunday] and we have to keep going so they can't go ahead of us."
Saturday's match saw Real get off to a poor start when they fell behind in the 31st minute to Michel's strike, only for them to hit back through goals from Gonzalo Higuain, Kaka, Cristiano Ronaldo and a Mesut Ozil brace.
But despite going a goal down, Karanka reveals he was always confident Los Blancos would be able to overturn the deficit and pick up maximum points.
"The team has players with a lot of quality and it was a match in which Levante let us dominate possession," he explained.
"When that happens here at the Bernabeu, added to the quality of players that we have, matches go well. Maybe we lacked a bit of intensity to bring about the chances that we had sooner."
Real visit the Turk Telekom Arena next Tuesday for the return encounter of their Champions League last-eight tie holding a 3-0 aggregate lead following Wednesday's first-leg victory.