Real Madrid has insisted that Cristiano Ronaldo still has a €1bn ($€120m) release clause in place despite reports the fee had been reduced to 1.17bn for clubs excluding Barcelona and Paris Saint-Germain. English clubs Manchester City, Arsenal and Chelsea, along with AC Milan from Serie A, all reportedly expressed an interest in Ronaldo before May's Champions League final, on the basis of paying a 1.17bn transfer fee.
Real Madrid has insisted that Cristiano Ronaldo still has a €1bn ($1.17bn) release clause in place despite reports the fee had been reduced to €120m for clubs excluding Barcelona and Paris Saint-Germain. English clubs Manchester City, Arsenal and Chelsea, along with AC Milan from Serie A, all reportedly expressed an interest in Ronaldo before May's Champions League final, on the basis of paying a €120m transfer fee.