Lucas Vazquez has said he and his Real Madrid team-mates cannot explain the last three games, which have seen them crash out of the Copa del Rey, Champions League and the La Liga title race.
Heading into this tie, Madrid had lost back-to-back defeats to Barcelona but they held the advantage over Ajax having won the first leg 2-1 in Amsterdam.
The game started in frantic style and slightly against the run of play – the visitors broke the deadlock to silence the Santiago Bernabeu through Hakim Ziyech.
10 minutes later and things would go from bad to worse for Madrid as they allowed Ajax to score again and take the lead in the tie, this time through the impressive David Neres, who expertly chipped the ball over Thibaut Courtois.
Former Southampton man Dusan Tadic would then get in on the act as everyone inside the Bernabeu looked shocked and stunned, including those travelling Ajax fans.
Madrid now had to do the unthinkable and their was some hope when Marco Asensio struck with twenty minutes remaining.
But, a superb free-kick from Lasse Schone beat Courtois at his far post and the game was put to bed by the visitors.
Nacho was sent off in stoppage time as Madrid attempted to spring a comeback but it was too little too late and the game ended, thus ending Madrid’s three year reign as European champions.
“These have been three very bad games for us, this is not Real Madrid,” Vazquez told reporters, as cited by Marca.
“We were not as good as Ajax, they deserved to eliminate us, and we have to accept that after winning the competition three times in a row.
“What we have achieved has been incredible but this season has not gone as expected, but it is an exaggeration to say this is the end of a cycle for us.
“Our home form is costing us, that is true, but we had clear chances and could not score so we must congratulate Ajax.
“It is difficult to explain what is happening with our form but we must focus on finishing the season in the strong possible manner.”