I will now quote from CKeditor project page at Drupal.org:
To use CKEditor in Drupal, you may need to download CKEditor (the library which this module relies on). This would not be necessary starting from version 7.x-1.14 (not released yet - 24 April, 2014), where the installation has been simplified and CKEditor from official CDN is available by default.
As you could see in the picture, my sites/all/modules/ckeditor/ckeditor
folder is empty, i.e the folder where you put the library... So my question is, given that the library's folder is empty by default, is it even possible to update the JS library but not the module...? Is it even possible after version 7.x-1.14? Or should I wait to the coming Drupal module release? Thanks.