| 2003 Mutua Madrileña Masters Madrid | |
|---|---|
| Date | 13–19 October |
| Edition | 2nd |
| Surface | Hard / indoor |
| Location | Madrid, Spain |
| Venue | Madrid Arena |
| Champions | |
| Singles | |
 Juan Carlos Ferrero | |
| Doubles | |
 Mahesh Bhupathi /  Max Mirnyi | |
The 2003 Mutua Madrileña Masters Madrid was a tennis tournament played on indoor hard courts. It was the 2nd edition of the Madrid Masters and was part of the Tennis Masters Series of the 2003 ATP Tour. It took place at the Madrid Arena in Madrid in Spain from 13 October through 19 October 2003. First-seeded Juan Carlos Ferrero won the singles title.
