Young picked up a knee injury in the victory over Liverpool at Old Trafford a fortnight ago and Ferguson expected the England man to return for last weekend’s draw at Tottenham.
The former Aston Villa man did not make it and there have been claims the injury is much more longer term that Ferguson first anticipated.
However, the United boss insisted Young is not far away from a return and will be fit to face Jose Mourinho’s men.
“Ashley is not far away,” said Ferguson.
“He has done a bit of training and he is on the road back.”
Asked whether he would be fit for the Real Madrid games, Ferguson replied: “I am sure of that.”
A goal apiece from James Tomkins and Luka Milivojevic handed Crystal Palace a crucial 2-0 win over Huddersfield at the John Smith's Stadium on Saturday evening.
Manchester United bounced back from their Champions League exit as they beat Brighton 2-0 at Old Trafford on Saturday night to reach the FA Cup semi-finals.
Tottenham reached the FA Cup semi-finals after they cruised to a 3-0 victory over Swansea in their quarter-final clash at the Liberty Stadium on Saturday.
Premier League basement club West Brom squandered the lead as they suffered a 2-1 defeat to Bournemouth at the Vitality Stadium on Saturday.
Chesterfield boss Jack Lester felt his side were unlucky not to claim all three points after their 1-1 draw at Cheltenham.
New Swindon manager Phil Brown revelled in his side's victory at Cambridge in his first game in charge.