Madrid cut Ronaldo release clause from €1bn to €120m

The possible Cristiano Ronaldo departure from Madrid saga continues to heighten as the club reportedly dropped his release clause from 1 billion euros to just €120m, a move which was agreed earlier this year and also made to help facilitate his departure from the Santiago Bernabeu.

However, the clause will not apply to Barcelona and PSG as they will be requested to pay the previous amount which was agreed in the Portuguese’s contract, although, that’s if they harbor any interest in the player.

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Reports from AS based on assertions from OK Diario have revealed that three Premier League clubs in the likes of Arsenal, Manchester City, Chelsea and Serie A outfit AC Milan contacted Jorge Mendes before the UEFA Champions League final in Kiev.

The clubs reportedly expressed their interest to negotiate a transfer for the Portugal international on the basis of a €120m transfer fee, as well as a €40m yearly salary.

It is believed and has been speculated widely that Ronaldo will leave the Santiago Bernabeu this summer after an unarguably fruitful career with Los Blancos, although the decision would most likely be due to the club’s refusal to improve his current contract.