Real Madrid have cut Cristiano Ronaldo’s release clause from €1 billion to €120m, according to reports in the Spanish press.
A number of media outlets cite a report in OK Diario that a contractual alteration had been made which applies to all clubs except for Barcelona and Paris Saint-Germain.
The Portuguese star’s future has come under growing scrutiny in recent times due to his high-profile tax case, the club’s pursuit of Neymar and his wages in comparison to other global stars.
Following Madrid’s third successive Champions League title last month, the 33-year-old told reporters: “It has been great here at Real Madrid; I'll speak in the coming days.”
Ronaldo’s agent Jorge Mendes is said to have been working on a possible exit route for the former Sporting CP and Manchester United star.
The player has been routinely linked with an exit from the Bernabeu but no move has come to fruition for the star, who joined Madrid in 2009.