Newcastle United have emerged as favourites to sign released Manchester United striker Cristiano Ronaldo.

Ronaldo was cut loose by United on Tuesday afternoon.

Now a free agent, the Portugal captain has options in England and the Middle East.

And Correio da Manhã reports Newcastle's Saudi owners are willing to cover both based after the World Cup.

Newcastle are rated as favourites for Ronaldo, with the proposal also including a bank-busting end of career spell with Al Nassr after his time with the Magpies.