Perez's confession about Ronaldo

Spanish publication 'OK Diario' managed to get their hands on details of the conversation, which took place a the club's AGM.

As he often is, Cristiano Ronaldo was the topic of conversation, with Perez telling shareholders: "Cristiano is a phenomenon. He is the best player in the world, everyone talks about him these days."

Following Real's victory over Borussia Dortmund in Germany in midweek, Ronaldo told that press that the decision over any potential contract extension was in Perez's hands and it appears that the Real president already knows exactly what he is going to do on that front.

"He is the best player in the world and he will retire at Real Madrid. We will renew his contract in November, we couldn't be happier with him," Perez is alleged to have said.

The news will come as another show of support for the Portuguese, though the Real Madrid legal department are not likely to be too pleased at the thought of dealing with yet another contract extension.

Florentino has spoken, Ronaldo will retire end his career with 'Los Blancos'.