Real Madrid are ready to make a first offer of the summer for Manchester United winger Cristiano Ronaldo.

The Times says sources in Madrid indicated last night that Real will offer United a fee in the region of £60 million for Ronaldo after Portugal are eliminated from the tournament, or, if they reach the final, after June 29.

Ramon Calderon, the Real president, is said to be delighted by the developments of the past three weeks, with Ronaldo voicing his long-suspected desire to move to the Spanish champions. Real hope that the player will force United's hand by requesting a transfer when his involvement in the tournament is over.