Arbeloa, speaking in Austria where is he preparing for Spain's Euro 2008 semi-final with Russia, believes the departure of Ronaldo from Old Trafford would provide a boost for arch-rivals Liverpool.
"If Ronaldo plays in Real Madrid it will be good news because he is one of the best players in the world and is our enemy at the moment," Arbeloa told Sky Sports News.
"If he can play for Real Madrid for me it is perfect.
"For us it would be a good news because for Manchester United he is very important and if Ronaldo is not in Manchester for Liverpool it is good."