Details emerge about Cristiano Ronaldo contract extension with Real Madrid

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Cristiano Ronaldo may have struggled to hit peak form for Real Madrid in La Liga so far this season, but it doesn't look like Los Blancos are ready to look beyond the Portuguese superstar anytime soon.

That's after reports in Spain revealed details of a contract extension with Real that is believed to be nearing completion.

According to Spanish TV station Deportes Cuatro, via Sport, Madrid president Florentino Perez is ready to hand out €23 million per year to the 31-year-old right up until 2021.

Per the report, Perez has given up his hopes of convincing Ronaldo to agree to a shorter deal and, with Real bracing themselves for a transfer ban set to come into play, they are now ready to splash the cash to keep their biggest asset at Santiago Bernabeu for the foreseeable future.

The monster contract would see Ronaldo's earnings rank above those of Neymar - the Brazilian earns around €15 million-per-year - but he would still lag behind his long-time rival at Barcelona, Lionel Messi.

Having already announced a bumper new deal for German midfielder Toni Kroos today worth £346,000-per-week, Madrid are apparently keen to have Ronaldo put pen to paper within the next couple of weeks.

While few can argue that Ronaldo - a man who has just scored five goals in two games for Portugal and finished with 51 goals in 48 appearances for Real last season - deserves a contract extension, there will be some who question the logic of tying him down to a deal that won't expire until he's passed his 36th birthday.

His current contract is due to expire in 2018, therefore, limiting any extension to one or two years may be more sensible.

Then again, Real know they will never replace Ronaldo. As such, they may as well make the most of him - both on the pitch and in marketing terms - while they can. Not meeting his demands would mean risking losing him to another club for the final years of his career.

Ronaldo may have long-term plans to stick around at Madrid but, for now, he will be focusing on helping Zinedine Zidane's team turn around a slight dip in form.

Since beating Espanyol on September 18, Real have drawn four consecutive games and seen their city rivals Atletico take the top spot in La Liga.

Having only won one Spanish title during his time at Los Blancos, Ronaldo will be hoping this season can bring another and, with a new deal in the offing, one or two more to add to that before 2021.

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Gareth Bale
La Liga
Real Madrid
Cristiano Ronaldo
Lionel Messi
UEFA Champions League

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