According to El Chiringuito TV show Jugones (via reports from Metro), Real Madrid are reportedly willing to accept a fee of €100 million (£88 million) from European rivals and 7 consecutive times Serie A champions, Juventus.
Spanish TV show El Chiringuito de Jugones reported that Real Madrid is set to accept a $116 million offer for the five-time Ballon d'Or victor.
Selling Ronaldo would give Madrid some of the finances required to make a deal.
Pedrerol even went so far as to suggest Ronaldo knew Juventus are interested in his services before the 2017-18 UEFA Champions League final win over Liverpool, after which he suggested he could be on the move.
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Manchester United and Paris Saint-Germain have been two of the clubs linked with Ronaldo in recent weeks but Juventus are increasingly confident they will be able to seal a deal with the Portuguese poseur.
However, as he gets older, Madrid will eventually stop giving him new contracts, and Ronaldo will become the boy who cried United.
The rumour mill went into overdrive this week with reports of the possible transfer, with Sky Sport Italia reporting sources close to Juventus are now mulling the logistics of an offer for the 33-year-old.
The Portugal global has reportedly since rejected the chance to sign a new contract at the Bernabeu, with his agent Jorge Mendes said to be plotting a move away from the Spanish capital.