Real Madrid president Florentino willing to upgrade Ronaldo contract to €16M-a-year

Real Madrid president Florentino Perez has moved to renegotiate Cristiano Ronaldo's current deal.

Ronaldo, despite his massive €94 million fee paid to Manchester United, has been an outstanding success for Real - both on and off the pitch.

Aware that United, Manchester City and Chelsea are all expressing interest behind-the-scenes about tempting the Portuguese back to England, Florentino has opened talks about a contract upgrade.

Ecodiario says Ronaldo is currently tied to Real until 2015 on a whopping €12 million-a-year. However, Florentino is prepared to go even higher, with an offer of €16 million-a-year to convince Ronaldo to extend his deal to 2017.

As stunning as the terms are, it will still leave Ronaldo behind Anzhi star Samuel Eto'o on a salary of €20 million as the game's highest paid.