Former Real Madrid president Ramon Calderón has praised Juventus' players for waiving their wages.

It was announced over the weekend that Juve's squad would defer their wages for four months.

“With this decision, the players show that they are aware of the seriousness of the economic situation that their club will face in the coming months due to the lack of revenue," Calderón told TuttoJuve.

“It seems to me that they act with a great sense of responsibility and with the sensitivity of those who live such a difficult time for them and for the country in which they live.

“All clubs will have to adapt to the exceptional circumstances we are experiencing, thus forcing them to change their plans and their economic forecasts.

“The world of football will be no exception. Without forgetting that this world will be hit by the difficulties of not being able to organize any more football matches in normal conditions in the coming months.

“The situation is very serious, we will have to take all the consequences that will follow, and I am sure that none of the Spanish clubs will remain unaware of this."

Cristiano Ronaldo will give up close to €10m of his annual salary to help Juventus during the difficult months ahead.

“Regardless of the fact that the amount is very high, it's not about this, but about attitude towards the circumstances of life. Football players always show their solidarity in difficult times.

“Cristiano is an example on and off the pitch, on this occasion he showed it again. His decision honours him and is proof of his great commitment to society."