The new owner of Manchester City, Dr Sulaiman Al-Fahim, has intimated that Abu Dhabi United Group for Development and Investment (ADUG) could back a bid for Manchester United winger Ronaldo as early as January.
"Ronaldo has said he wants to play for the biggest club in the world, so we will see in January if he is serious," Al-Fahim said in The Guardian.
"Real Madrid were estimating his value at $160million (£90m) but for a player like that, to actually get him, will cost a lot more; I would think $240million (£135m). But why not? We are going to be the biggest club in the world, bigger than both Real Madrid and Manchester United."
Al-Fahim added: "We want a team who can win the UEFA Champions League. We're not just going to spend money on anyone, but if we can get the biggest players in the world, and of course if the manager wants them, then we will get them."
Anil Bhoyrul, the Editorial Director of Arabian Business.com and friend of Dr Sulaiman Al-Fahim told TalkSPORT: "I have a list of the players Dr Sulaiman wants to go out and bid for. One is Ronaldo. He says he doesn't have a problem tabling a £120million bid, just to do it and see what the reaction is. His tactic is to say to Manchester United and Chelsea, 'hey, we're in town'.
"He also rates Torres and Fabregas. With Ronaldo, he thinks they are the three best players in the world."