And according to Sky sources, Real are considering the bid, reportedly in the region of £88 million (S$158 million), for Ronaldo, who joined the European champions from Manchester United in 2008 in a then world-record transfer worth £80 million.
Juventus have swept all before them domestically over the past few years but that elusive Champions League title continues to frustrate which is likely to be the reason behind the move for the 33-year-old superstar. It's been really handsome to play for Real Madrid.
Ronaldo said in December that he wanted a raise after helping Real win the Club World Cup.More news: Spurs Reportedly Want Essentially the Entire Lakers Core for Kawhi Leonard
Speculation has mounted this week that Serie A champions Juve are preparing a lucrative €120 million bid (£105m/$139m) for Ronaldo, with a salary package of €30m a year.
The Turin-based club, who have won the Italian top flight in each of the last seven years, are said to be ready to spend 100 million euros on the Portugal forward, who would earn 30 million net per season.
Ronaldo's future at the Bernabeu has been uncertain ever since the Champions League final victory over Liverpool in May, when he hinted his time with Real would soon be at an end.More news: Cavs select Bama's Sexton to help convince LeBron to stay
Despite the glut of silverware, however, the five-time world player of the year has had frequent fallouts with Real and has declared on several occasions over the years that he wants to leave the club.
'It would be great for the club and for the Juventus players.
"However, today I'm a player of the French national team and we have bigger fish to fry, no?" "I'll give a response in the coming days".More news: Donald Trump slams Democrats' push to abolish ICE
But he missed a penalty in a 1-1 draw with Iran and failed to score in his side's 2-1 defeat by Uruguay in the last 16.