At an awards ceremony, Ronaldo was asked about his future, but refused to answer, instead greeting the question witn an awkward silence.
Instead, he spoke of his hopes for Real, who stand second in the Primera Division - although 13 points behind leaders Barcelona - with a Copa del Rey final against city rivals Atletico and Champions League last-eight clash with Galatasaray looming.
He said: "Much remains. We are in the cup final and we have taken a major step in the Champions League.
"The league is difficult but we must fight to the end.
"Things personally with me are going well but what I want is to win a major trophy with Madrid."
With so much to play for, why is Ronaldo keeping the transfer rumourmill going? Give us your shout below...