MADRID: Real Madrid have officially signed Cristiano Ronaldo on a six-year deal worth STG80 million (RM464 million), the Spanish giants announced on Friday.
Former Manchester United forward Ronaldo is set to earn STG11 million a year with Real, thus becoming the world's highest-paid footballer.
A statement on the official website of Real Madrid said: "Real Madrid CF and Manchester United have signed the definitive agreement for the transfer of Cristiano Ronaldo to the Spanish club on July 1.
"The player will stay at Real Madrid for six seasons." Ronaldo's deal will see him move ahead of current football salary king, Inter Milan striker Zlatan Ibrahimovic, who currently earns STG10.2 million a year.
Ronaldo, 24, had been on around STG6.5 million a year at Old Trafford.
Portuguese international Ronaldo will officially become a Real player on July 1 and is set to be unveiled by the nine-times European champions on July 6.
Reports said on Friday that United are set to be paid in full by next week.
A statement on the Premier League champions' website said: "Cristiano Ronaldo's departure is all but done and dusted after Real Madrid and Manchester United finalised the agreement for his transfer on Friday evening.
"The Portuguese winger was the subject of a world record STG80 million offer from the Spanish club on Thursday June 11. He has since been on holiday but a return to work with new employers now beckons, with the sale set to be completed on Wednesday July 1."
Ronaldo is now set to become the centrepiece of the new Real as newly-elected president Florentino Perez bids to get the club reacquainted with their former glory days on the European stage.
Perez was in charge when Real's team of 'Galacticos', including Zinedine Zindane, Roberto Carlos and David Beckham, starred for the Santiago Bernabeu side.
Real have also signed Brazilian forward Kaka and had recently been linked to Bayern Munich's French forward Franck Ribery.
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