Ronaldo met Juventus club president Andrea Agnelli on Tuesday afternoon in a hotel in Greece, where he is on holiday with his girlfriend and family, before agreeing a four-year deal worth an estimated £500,000 a week.
"Today Real Madrid wants to express its gratitude to a player who has proved to be the best in the world and who has marked one of the most brilliant times in the history of our club and world football".
Ever since he joined Manchester United from Sporting Lisbon as a gangly 18-year-old in 2003, Ronaldo has worn the No 7 shirt and has even created his own CR7 fashion label, in a reference to his initials and jersey number.
Real Madrid have released a statement denying reports they have made a bid for Paris Saint-Germain forward Neymar. "On a personal level, I also hope that by performing well at a big club like Juventus will raise my chances of playing more for the Portuguese national team". Having that on your CV: Real Madrid, Man United, Juventus - it's some CV. He has that now that: "I did it in England, I did it in Spain, I'm going to do it in Italy... and I did it with Portugal". So maybe that will be his argument when people ask: "'Is Ronaldo better than Messi?'".
Ryan Giggs has spent a considerable amount of time with the five-time Ballon d'Or victor and knows him personally and, therefore, his words carry some weight.
The same report says that Liverpool FC will make their move to sign Dybala as soon as Ronaldo's move to Juventus is officially confirmed. Let us know in the comments section below.