By Iva Finlay

The Portugese international responded after a day of speculations and false reports about his future in Santiago Bernabeu, that suggested he had signed a new three-year deal.

Ronaldo wrote on Twitter: “All the news about my renewal is false”

The speculations come shortly after president of Real Madrid Florentino Perez said, few days ago, that he wants to make Cristiano highest paid player in the world.

Ronaldo is linked up with a €100million (£85m) move to Ligue1  AS Monaco and Manchester United are also monitoring the situation.

However, Madrid is said to be preparing an offer that will see the 29-year-old earn €80million over five seasons and will cost the club €166million in total, with tax included.