The Italian club’s president Andrea Agnelli met with Ronaldo in Greece on Tuesday morning to expedite negotiations.
Widespread reports now say that Madrid and Juventus have agreed on a price, which is in excess of £100m which is more than the £88m that had been widely reported over the weekend.
Spanish outlet Marca claims that the Portugal international’s nine-year spell at the Bernabeu will officially come to an end in a matter of hours.
Madrid president Florentino Perez has resolved not to stand in Ronaldo’s way, granting him his wish to potentially see out his career in Serie A.
The 33-year-old is understood to have signed a four-year deal at the Allianz Stadium.