Cristiano Ronaldo extends Real Madrid contract

World-famous Portugal forward Cristiano Ronaldo is to continue playing for Real Madrid, the La Liga club said on Sunday.

Spanish media outlets reported Ronaldo's new deal, highlighting the extension of his contract by three years (to 2018).

Ronaldo’s extension lifts his net annual salary to 17 million euros ($22.5 million), according to Reuters news agency.

The player joined Real Madrid from English football club Manchester United in 2009 for a fee of 94 million euros.

Real did not provide details but said the 2008 World Player of the Year and club president Florentino Perez would appear at a ceremony at the Bernabeu stadium later on Sunday.

Real is known for transfer records, and didn’t disappoint when earlier this month Wales winger Gareth Bale, from English club Tottenham Hotspur, was signed for 100 million euros.

(With Reuters)