AS claims that meetings have taken place between the player's agent, Jorge Mendes, and Manchester United officials, which resulted in that price being agreed on.
Even though the player himself and his club have declared that he will not move, it is thought that there is an agreement in place between Ronaldo and Real Madrid.
The deal was believed to have been made by Ramon Calderon when he was president at the Bernabeu, but the option of purchase will now fall to whoever takes over in the summer.
Reports this week claimed that Madrid have even taken out a loan to buy the player, although Vicente Boluda denied those claims in an interview yesterday.
Nevertheless, it is no secret that Ronaldo has been, and still is, a Real Madrid target, and apparently he has a deal with Sir Alex Ferguson too, that will allow him to leave.
The agreement with Ferguson is reported to be that if he played with the English side this season then he would leave next season, but Real Madrid will still have to stump up 95 million to buy him.
As far as presidential candidates go, it seems unlikely that any would not want to bring Ronaldo in, and the favourite for the position, Florentino Perez, is thought to have him as his main target.