The Daily Express says the five-year contract on the table is worth a mind-boggling £75 million and Real have also made it clear that the huge offer will not be on the table in a year's time.

Real president Ramon Calderon is currently riding high in terms of popularity in Madrid.

His side have been crowned Spanish champions twice in two seasons since he took over at the Santiago Bernabeu.

And he sees signing Ronaldo as the perfect way to build on recent successes.