Cristiano Ronaldo is reportedly close to signing a new contract with Real Madrid.

Madrid president Florentino Perez has repeatedly expressed his desire to make sure Ronaldo stays at the club for the rest of his career, and the Portuguese star is prepared to ink an fresh deal, according to Spanish publication Cinco Dias.

Madrid have been keen to retain the services of the former Manchester United man amid reported interest from his former club this summer.

Meanwhile, Los Blancos are said to be close to securing a world record-breaking deal for Tottenham Hotspur's Gareth Bale.