Cristiano Ronaldo agrees new five year deal at Real Madrid
September 15, 2013 -- Updated 1547 GMT (2347 HKT)
Cristiano Ronaldo has signed a lucrative five-year extension to his Real Madrid contract.
- Cristiano Ronaldo agrees new five year deal at Real Madrid
- 'I hope to retire here' says Portuguese star
- Ronaldo has been joined at Real by Gareth Bale
- Bale succeeded Ronaldo as world's most expensive player
(CNN) -- Cristiano Ronaldo pledged his future to Real Madrid as he signed a new five-year deal Sunday which ties him to the Spanish giants until 2018.
The Portuguese international will reportedly become the highest paid footballer in the world but the club did not give details in making the official announcement.
Ronaldo, who had been linked with a return to the English Premier League with his former club Manchester United, revealed a verbal agreement had been in place with Real Madrid since the end of last season.
"It's a very special day for me," he said.
Read: Ronaldo double sinks Barcelona
Ozil: Real Madrid needs Ronaldo
Becker: Ronaldo the tennis ace?
Does Ronaldo carry Real Madrid?
"For me it's as if today were my first day here. I'm always going to give my best for this shirt. I hope that I'm here until I retire. This is a great club."
With Ronaldo's current contract set to run out in 2015, the renewed deal is a considerable coup for Real president Florentino Perez.
"Today is a magnificent day for Real Madrid," he said.
"The best player in the world knows that this is his home forever. A home that demands the most of him, but also loves him the most."
Read: Bale scores on Real Madrid debut
The 28-year-old Ronaldo signed for Real from Manchester United in 2009 for a then world record fee of $130,000.
He has justified the fee with an incredible scoring rate of a goal per game for Los Blancos, helping them to the La Liga title in the 2011/12 campaign.
Last season saw Barcelona reclaim the Spanish title and Real Madrid were disappointingly knocked out in the semifinal of the Champions League by Borussia Dortmund.
It led to speculation that he may be on the move, but under new coach Carlo Ancelotti, Real have made an unbeaten start to the current season.
Read: Should Ronaldo return to Manchester United?
Ronaldo has been joined at Real by Gareth Bale, whose transfer from Tottenham Hotspur broke the record fee paid for his new teammate.
The pair played together for the first time Saturday, with Bale scoring Real's equalizer at Villarreal before Ronaldo put them 2-1 ahead.
The home side equalized in a 2-2 draw to take some of the gloss off Bale's much trumpeted debut, but Real fans will take comfort in Ronaldo's renewed commitment.
"For me it's as if today were my first day here. I'm always going to give my best for this shirt," he said.
Part of complete coverage on
Be part of CNN's coverage of European Champions League matches and join the social debate.
December 6, 2013 -- Updated 1134 GMT (1934 HKT)
The dreams of 32 footballing nations can begin at Friday's 2014 World Cup draw. It will be more complicated than most -- so click here for the lowdown.
CNN's Alex Thomas takes a brave punt on the 2014 champion ahead of Friday's World Cup draw.
December 5, 2013 -- Updated 1835 GMT (0235 HKT)
Pele has backed Brazil to deliver a "fantastic" World Cup amid growing fears the country will not be ready in time to host football's showpiece event.
December 4, 2013 -- Updated 1500 GMT (2300 HKT)
Adidas unveils official match ball, the Brazuca, and CEO Herbert Hainer discusses the tech behind it.
November 29, 2013 -- Updated 2209 GMT (0609 HKT)
Zahir Belounis contemplated suicide as he was stuck in Qatar for two years. But the footballer says it still deserves to host the 2022 World Cup.
November 29, 2013 -- Updated 1708 GMT (0108 HKT)
As he celebrates his 40th birthday, just what is the secret to Ryan Giggs' longevity?
Two Belgian "brain coaches" are helping transform AC Milan from big-spender to developer of young talent, says CNN's John Sinnott.
October 22, 2013 -- Updated 1457 GMT (2257 HKT)
Shootings, attempted assassinations and intimidation - welcome to Libyan football in 2013.
October 18, 2013 -- Updated 1129 GMT (1929 HKT)
Zahir Belounis' limbo existence is almost at an end. After a two-year nightmare, he has been told he will finally receive his Qatari exit visa.
October 10, 2013 -- Updated 1101 GMT (1901 HKT)
France's multicultural stars shone brightest at the World Cup 15 years ago -- now could it be Belgium's turn to do the same in Brazil next year?
Adnan Januzaj and Diego Costa have highlighted a major dilemma for international football, says CNN's John Sinnott.
CNN's Alex Thomas reports from FIFA HQ after the ruling body delayed its decision on the Qatar 2022 World Cup.
FIFA's credibility rides on finding a solution to the Qatar World Cup controversy, says CNN's Ben Wyatt.
October 2, 2013 -- Updated 1534 GMT (2334 HKT)
Zlatan Ibrahimovic may have cost Paris Saint-Germain $30 million, but you can get your own chunk of the Swedish striker for just $41.
Today's five most popular stories