Real Madrid star Cristiano Ronaldo has confirmed the sale of his image rights to Valencia owner Peter Lim.

The 30-year-old, who is the best paid footballer in the world, has agreed a six-year deal with the Singaporean businessman, as he looks to expand his brand into the Asian market.

"I am very excited to announce my latest deal with Mint Media, owned by my good friend, businessman Peter Lim from Singapore, to acquire my image rights," he wrote on his official Facebook page.

"This is a very strategic move for me and my management team to take the Cristiano Ronaldo brand to the next level, especially in Asia."

Ronaldo has scored 313 goals in his 300 appearances for Real Madrid.