Cristiano Ronaldo and Real Madrid have reached an agreement over the extension of his current deal and is set to remain at the Spanish capital until 2018, reports Marca.
The renewal will see the Portuguese star become the highest paid player in Spanish football, with Ronaldo set to pocket a cool €17 million per season for the next five years.
His new salary will see him surpass Argentinian superstar Lionel Messi who pockets around €16 million annually.
The deal will also see Ronaldo increase his share of percentage of image rights, which is 60 percent currently. However, how much increment has been agreed has not been disclosed yet.
It is certainly not 100 percent as Madrid are reserving some rights for themselves as they want to keep cashing in on his publicity deals.
Ronaldo had been linked with a sensational return back to Manchester United this summer after he had voiced his "sadness" at Madrid last season.
Ronaldo had been unhappy with the club's treatment towards him during last season's campaign leading to the FIFA Ballon d'Or awards as he felt they were not supporting him enough in his bid to clinch the award.
However, president Florentino Perez had embarked on a charm offensive toward the player as soon as the season ended to make sure that they keep hold of their most lethal player without whom Madrid look directionless on the field.
And it seems to have finally paid dividends as the Portuguese ace has apparently decided to end his career at the Bernabeu with the new extension.
Perez is believed to have met the star in Los Angeles in their pre-season tour to finalise the finer aspects of the details regarding his contract extension and now the club hopes to publicly announce the extension before the start of the new season on August 17.
With Gareth Bale set to arrive at Madrid in the next couple of weeks, Madrid are sure to terrorise opposition defences with their attacking line of Ronaldo, Gareth Bale and Karim Benzema and would be favourites to claim the La Liga back from Barcelona next season.
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