Ronaldo agrees new Real Madrid deal
Reports last month suggested the Portugal international was set to sign a deal keeping him at the Bernabeu until 2018 and increasing his salary to 17million euros (£14.8million) per year after tax.
Ronaldo refused to confirm such a deal had been struck at the time, but in a statement on their official website Madrid confirmed they will hold a press conference at 1.45pm local time (12.45pm BST) on Sunday afternoon at which the 28-year-old will sign an extension.
Details have yet to be announced of the new contract.
Source : http://www.football.co.uk/real_madrid/ronaldo_agrees_new_real_madrid_deal_rss4407144.shtml