Arguably the best player in the world after his exploits in the EURO16 in France recently, Cristiano Ronaldo, the heartbeat of Real Madrid, has given his fans some great news about his future.

The Portuguese international, who has won the Champions League and the EUROs in the space of two months, has now agreed to virtually end his career in the Spanish capital according to reports.

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Spanish daily, AS has reported today that the Spanish club and the star player have agreed to all terms for a new contract extension that will see Ronaldo play for Real Madrid for at least another 4-years.

It is reported that Ronaldo and Real Madrid have finalized all material aspects of the deal which is expected to keep the player at the club till 2020 or 2021.

The 31-year old is currently on his holidays and will return back with the club on the 10th of this month and it is reported that the two parties along with Ronaldo’s agent Jorge Mendes will meet soon enough and complete the formalities before a deal is announced formally.

However ludicrous the rumors were, the three-time Ballon d’Or winner was linked with a move away from the club with PSG the most likely destination. However, it is now understood that all such rumors were rumors indeed and that Ronald will finish his career in Spain.

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Zinedine Zidane, the new coach at Real Madrid has often praised the Portuguese genius and it is understood that the French sensation had a role in Ronaldo’s new deal at the club.

The former Manchester Untied man has now won close to everything as a football player and has already written his name in the history of the sport but his remaining years with Real Madrid may make him a bigger legend.

In other news, Madrid are also opening negotiations with another star player of the squad in Gareth Bale. The costliest player currently, Bale, still has 3-years left on his £145,000-a-week deal he has signed with the club but it is understood that Madrid are ready to extend his contract and increase his wages.

It is revealed that Perez is ready to extend his contract by a year and increase Bale’s wages to over £160,000-a-week.

If they are able to complete both the signings, it will not come as a surprise if the Champions of Europe continue their domination in the coming years.