Real Madrid insist that Cristiano Ronaldo still has a 1,000m euro release clause Real Madrid Reports said it was reduced to 120m

It was thought that there had been a dramatic turn of events concerning the future of Cristiano Ronaldo, as news filtered through that Real Madrid had dropped his release clause from 1,000 million euros to just 120m in order to facilitate his departure.

However, the club have since denied the same.

According to OK, it was suggested that the lower amount was agreed between the end of January and the beginning of February, with the new clause not applying to Barcelona or Paris Saint-Germain who would still have to pay the previous amount agreed in the Portuguese's contract were they interested in the player's services.

Now it appears that any club interested will have to pay the full amount.

Prior to the Champions League final in Kiev, three Premier League teams (Manchester City, Arsenal and Chelsea) and one from Serie A (Milan) told Jorge Mendes that they would be in a position to negotiate a transfer on the basis of a 120m euro transfer fee and a yearly salary to Ronaldo of 40m euros net.

'Cristiano leaves Madrid'

On June 7, Diario Record published on its cover: 'Cristiano leaves Madrid.'

According to this information, Ronaldo's decision would be 'irreversible' and would be motivated by the 'failure to fulfill promises' regarding the improvement of his contract with Los Blancos.