The 37-year-old had his Manchester United contract terminated following a tumultuous relationship with the club over controversial statements in a TV interview with Piers Morgan.
Now Ronaldo is said to have agreed a two-and-a-half year deal with Al Nassr – worth an eye-watering £172.9million per year – that will see him play until the age of 40, according to Spanish newspaper outlet Marca.
According to Forbes, If he does complete the move, Ronaldo’s eye-watering salary would make him the highest-earning person in sport.
Cristiano Ronaldo has won 34 trophies in his career. He is also the leading international scorer of all-time with 118 goals.
If he does complete the move to Saudi side Al Nassr, he will earn £172.9m a year.
Ronaldo is currently third on the highest-paid athletes list, earning £83.6m per year, meaning he will more than double his salary.