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Real Madrid have rejected Cristiano Ronaldo's latest contract demands, according to reports in Spain.

The 32-year-old is, according to Mundo Deportivo and Sport , looking for a basic salary of around €40million (£35million).

The five-time Ballon d'Or winner signed his current contract — which runs until 2021 — in November 2016.

But Ronaldo is keen on a new deal at the Bernabeu to raise his pay level to that of Lionel Messi's.

Ronaldo's Barcelona rival recently put pen to paper on a huge new contract.

But, with Ronaldo suffering a dip in form this season, Bernabeu chiefs are in no mood to meet his demands.

(Image: Angel Martinez)

Mundo Deportivo reports that Manchester United is a possible destination for the Portuguese forward but Real are yet to receive any offers for him.

It is reported, however, an exit at the end of the season looks likely if no extension is agreed.

One man who has agreed a contract extension is manager Zinedine Zidane, but the Frenchman admits the deal does not guarantee his future.

(Image: REX/Shutterstock)

Asked about his contract following the drab draw with Numancia, he said: "It is already signed. I have until 2020.

"I go match by match, year by year, like last year. I cannot look two or three years ahead because having the contract does not mean anything."