Cristiano Ronaldo denies signing new contract at Real Madrid in latest transfer saga twist

The world's most expensive player is being targeted by Monaco and Manchester United

Cristiano Ronaldo has taken to Twitter to deny claims that he has signed a new Real Madrid deal.

The Portuguese forward is in contract dispute with Madrid, with just two years left on his deal, and there would be gigantic bids for him from Monaco, Manchester United and Paris Saint-Germain if he did not extend.

Reacting to speculation that he had finally signed an extension with Madrid, Ronaldo swiftly denied it: “All the news about my renewal with Real Madrid are false.”

If, by late July, Ronaldo has not extended his Madrid deal then Ligue 1 side Monaco will make a world record £85m bid, offering Ronaldo a tax-free annual salary of £17m, or £330,000 per week.

Ronaldo has been in dialogue with Monaco, and with his former team Manchester United, who are also keen on his signature, for the last six months. The odds on him returning to Old Trafford have dropped to evens with betting firms Paddy Power and Stan James.