Real Madrid president Florentino Perez has told Chelsea and Manchester United that Cristiano Ronaldo is not for sale, and says the Portugal captain will be offered the opportunity to extend his stay at the Santiago Bernabeu.
Ronaldo's future as a Real Madrid player has been the subject of speculation for a number of months, and reports have claimed that both Chelsea and Manchester United are interested in acquiring his services during the summer transfer window.
Manchester United are reported to have already put plans in place to bring Ronaldo back to Old Trafford, although the departure of Sir Alex Ferguson has damped suggestions a return could be on the cards.
Chelsea, meanwhile, have also been linked with a move for Ronaldo with Jose Mourinho reported to be keen to bring the 28-year-old to Stamford Bridge when he secures his imminent return to west London.
Perez, however, has informed both Chelsea and Manchester United that Ronaldo is not available for transfer, even if either club were able to offer a gargantuan fee of €1 billion.
"I will do everything in my power to renew the contract. He has two years left on his contract, he is the best in the world and we would like to give a boost to the team with him as a leader and an emblem," Perez told Marca.
"I would not sell him for 1,000million euros. We are not a selling club.
"He is a winner and he wants to win titles and Real Madrid is the right place for it.
"When he said he was sad, he talked to me and I told him I would do everything possible for him to be happy."