Ronaldo left the Red Devils in 2009 in a record £80million deal but his former side made the first steps to getting him back on Friday.
Neville told talkSPORT: "The rumours are growing around Manchester from the fans because he left in [exceptional] circumstances.
"Not many players would leave United and say they wanted to leave United and still get such a great reception, but they always recognised it was his dream to play at Real Madrid.
"There is no secret to the fact that he misses the security, the stability and the friendships that he had in Manchester and the reception he got the other night was special for him.
"Forget Manchester United, I think, from a British football point of view, having Ronaldo back in the Premier League would be a great result for everybody because to watch him week in, week out, would be a pleasure."