Report: Perez to cancel Madrid's Ronaldo deal

Real Madrid and Cristiano Ronaldo may have a pre-contract in place, according to various sources, but Florentino Perez is not especially keen on the Manchester United winger.

According to Guillem Balague, a Spanish football expert who works for AS and Sky Sports, Perez doesn't want to spend the vast majority of his transfer budget on one player.

His predecessor, Ramon Calderon, had negotiated an agreement with Jorge Mendes, Ronaldo's agent, but Perez is now seeking to cancel the deal.

Of course, any sort of agreement is subject to Man. United agreeing to sell the player, which is far from a certainty, especially given the frosty relations between the two clubs.

Perez, therefore, is focusing on signing four or five other players, rather than spending the estimated $124 million that United would ask for Ronaldo if it decided to sell.

A move should not be completely ruled out though, as should Perez fail to land his main targets, he is likely to fall back on this option to appease the fans.