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Cristiano Ronaldo signs new contract with Real Madrid

Cristiano Ronaldo signs new contract with Real Madrid

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Cristiano Ronaldo signs new contract with Real Madrid

Real Madrid has announced that Cristiano Ronaldo has signed a new contract with the club.

The Portugal star has finally put pen to paper on fresh terms at Estadio Santiago Bernabeu, ending any lingering doubts as to his future at the club following months of speculation over the talks.

Los Blancos have not yet disclosed any details of the contract, although reports in the Spanish media suggest the 28-year-old will become Spain's highest-paid player with a net salary of 17 euros million per year, earning more than Lionel Messi and new teammate and record signing Gareth Bale.

It was revealed on Saturday that Ronaldo was ready to sign a new five-year deal with Madrid, with club president Florentino Perez eager to keep his promise making the Portugal captain the highest-paid player in world football.

Ronaldo is thought to be set to earn 50 percent more per year than Bale, who eclipsed the forward's world-record transfer fee after his reported 100 million euro move from Tottenham at the end of the summer.

The news brings to an end a full year of speculation over Ronaldo's commitment to the Madrid cause, beginning with the revelations that he felt "sad" in the Spanish capital last autumn over a perceived lack of support from the club's hierarchy.

Former side Manchester United was linked with a sensational move to bring the 2008 Ballon d'Or winner back to Old Trafford earlier this summer, four years after he was sold for a then-record fee of 94 million euros.

But Ronaldo, who has 203 goals in as many games for Madrid, has always maintained a desire to stay at the club following Carlo Ancelotti's appointment, with the Italian coach himself underlining his belief that the deal would go through.

"Ronaldo wants to renew his contract and the club want him to renew. I don't think it will be a problem," Ancelotti said last month.

A press conference to confirm the news has been scheduled for Sunday, with Perez set to lead the proceedings at the Bernabeu.

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