Real Madrid and Cristiano Ronaldo have reached an agreement over the Portugal star’s contract renewal, reports AS.
The two parties have been working on a new deal for several months and, according to AS, they have agreed to extend the forward’s stay at the Bernabeu from 2018 to 2021.
Madrid are expected to officially announce the agreement in the next few hours, with the club planning to hold a contract renewal presentation at the Bernabeu on Monday.
Ronaldo earns around £365,000-a-week and neither that nor his billion euro buy-out clause will show any considerable change. But the length of his new deal still shows a major commitment from the club.
He endured his worst start to a season during this campaign but the club’s record goalscorer with 371 goals in 359 games has said many times he wants to finish his career in the Spanish capital and the club have given him what he wants.
Sources in Madrid say the club may yet make the final year of the new deal optional with both sides needing to agree on it before the start of the 2020-21 season but even a four plus one year deal would be a massive statement of intent with a player of Ronaldo’s age.
He signed his first Madrid contract in 2009 when he joined the club from Manchester United.
He has since won two European Cups but still only one league title in six years.
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