The story begins in 19th-century Spanish California, where the legend of Zorro has become a distant memory. The oppressive rule of corrupt government officials has returned, with the ruthless Governor Rafael (played by a yet-unnamed actor) terrorizing the people for wealth and power. The film introduces Diego de la Vega (Diego Luna), a man of noble birth who has spent the last few years in self-imposed exile after the death of his mentor and original Zorro, Don Alejandro. Diego is no longer the carefree rogue he once was—he’s jaded and unsure if the legacy of Zorro still matters in a world so deeply corrupted.
Eiza González portrays Elena, a fierce and independent woman from a local village who leads a secret resistance movement against the governor’s tyranny. She crosses paths with Diego when her group tries to infiltrate one of the governor’s fortresses to liberate a group of enslaved workers. When the mission goes south, Diego reluctantly steps in, donning the Zorro mask for the first time in years to help her escape. Elena immediately recognizes the symbol and tries to convince Diego to take up the mantle of Zorro once again to inspire the people. Diego, haunted by past failures, refuses.
As the story unfolds, we see a romance develop between Diego and Elena, their relationship complicated by the political stakes and personal trauma. Elena is determined to fight, and through her passion and dedication, Diego begins to rediscover the courage and sense of justice that defined him as Zorro. Meanwhile, Governor Rafael tightens his grip on the region, bringing in military forces to quell the growing resistance. The film climaxes with a daring plan to storm the governor’s mansion and free captured villagers, but it turns out to be a trap. In a twist, Elena is captured, and Diego is forced to face Rafael in a final duel.
In the film’s closing scenes, Diego, fully embracing the role of Zorro, manages to defeat Rafael and rescue Elena. Together, they inspire the people to rise up against the oppressive regime, hinting at a new era of freedom for the region. The film ends with Diego passing the mask of Zorro to a younger hero, signaling that the legend will continue.