Real Madrid to offer Cristiano Ronaldo new five-year deal

Cristiano Ronaldo will be offered a new five-year deal which would see the Portuguese star earning a staggering €23m a year until the age of 36, according to reports. 

The player’s agent Jorge Mendes is currently in discussions with club president Florentino Perez about a renewed contract. 

However, if negotiations are successful the Portuguese International will remain at the club until 2021. 

The Spanish newspaper reports that Perez initially wanted the club icon to sign a new two-year deal but has been persuaded by Mendes to extend the offer by a further three years. 

Ronaldo's existing deal is due to expire in June 2018, but he is ready to commit his long-term future to Madrid.