"Red Eagle" takes place in 1660, when Portugal, France and England are all trying to take over Spain. A masked man known as Aguila Roja ("Red Eagle"), is the hero among people, a man who fights for justice. One day he meets a beautiful blonde woman who is looking for the aid of Red Eagle. Grieved and angered over a random accident, Red Eagle decides to pull one last heroic deed. Meanwhile, a summit is going on among Spain, Portugal, France, and England, during which something disastrous happens that affects the whole city.