A report in the Spanish press recently said that Ronaldo's release clause has been lowered from the obscene figure of €1bn to just €120m, which for a player of his quality actually represents decent value in the current market, despite him being 33.
However, Juventus are touted to be favourites to land the Portuguese ace's signature, with his agent, Jorge Mendes, believed to have discussed a move for Ronaldo while negotiating a deal for Joao Cancelo at the end of last month. A Bola also reported that negotiations were ongoing.
A deal worth €30m-a-year for four seasons was tabled by Agnelli to Ronaldo - a clear €5m-a-year more than what Real have offered.
Ronaldo threw his future into doubt in May by talking about Real Madrid in the past tense after beating Liverpool in the Champions League final, voicing frustration over long-stalled talks with club president Florentino Perez about an improved contract.
Juventus now appear ready to welcome Ronaldo to Turin with welcome arms.
A source close to Ronaldo told ESPN in June that he remained determined to leave Real Madrid this summer, though he would only consider a move to England, France or Italy. Other top European clubs like Manchester United and Paris Saint-Germain are also expected to be lurking as a result of Madrid's new-found willingness to sell their superstar.