Real Madrid have reportedly reduced Cristiano Ronaldo ‘s release clause from €1bn to €120m.

In the new contract,  Spanish clubs and PSG are not allowed to trigger the Ronaldo ‘s release clause, reports  OK Diario.

Ronaldo, who is currently on international duty with Portugal at the World Cup, dropped a strong hint that he will leave Real this summer after their 3-1 victory over Liverpool in the Champions League final.

The report claims that four clubs have made firm offers for Ronaldo – Manchester City, AC Milan, Arsenal and Chelsea, although his former employers Manchester United are the most favourite to sign him.

Ronaldo is expected to reveal his destination after the World Cup.

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