The five-time Balon d’Or winner’s future at the club was in doubt after a poor return in front of goal.
Ronaldo had been linked with moves to Paris Saint-Germain and his former club Manchester United.
But according to Spanish paper ABC, he will earn £26.5million a year, an increase of almost £8m on his current deal.
That will see him earn the same as PSG Neymar but less than Barcelona rival Lionel Messi.
Ronaldo last week pledged his future to the Spanish giants.
Asked if he likes living in Madrid, Ronaldo said: “Of course I like living here. I’ve lived in this city since 2009 and I love the weather and the people.
That will see him earn the same as PSG Neymar but less than Barcelona rival Lionel Messi.
Ronaldo last week pledged his future to the Spanish giants.
Asked if he likes living in Madrid, Ronaldo said: “Of course I like living here. I’ve lived in this city since 2009 and I love the weather and the people.
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