Ronaldo was making the headlines before Portugal's Confederations Cup debut in Russian Federation, because of a report that said he wants to leave Real Madrid and Spain following allegations that he defrauded the country's tax authorities.
Former Madrid President believes Ronaldo could make a fairy-tale return to his first love Manchester United.
Irked by the tax evasion case, Ronaldo reportedly feels that the Real Madrid club doesn't protect him the way it should.
Portuguese newspaper A Bola reports that the 32-year-old has decided his time in Spain has come to an end, adding he had communicated this "irreversible" decision as final to Real Madrid president Florentino Perez.
Next in line according to the bookmakers is a return to Manchester United.
He is now at the Confederations Cup in Russian Federation with the Portuguese national team where his team-mate Andre Silva said that Ronaldo was motivated for the tournament.
Ronaldo, who joined Real from Manchester United for £80m in 2009, signed a five-year deal with the European champions in November 2016.
Ronaldo's agents could not immediately be reached for comment.
Given that Ronaldo is the highest earning athlete in the entire world, according to Forbes, United and PSG are two of the very few destinations that have both the big bankroll and the major brand presence to legitimately attract and possibly sign him.
Chelsea are next at 22/1, while a reunion with former Real Madrid manager Carlo Anceloti at Bayern Munich is priced at 33/1, as are joining up with former Barcelona boss Pep Guardiola at Man City.
El Pais reports that Mendes is now seeking a new destination for his client, while Madrid are hopeful the player will have a change of heart in time.
A Spanish prosecutor has accused Cristiano Ronaldo of avoiding £14.7 million in tax, he denies these accusations.
Prosecutors in Madrid had filed a complaint to a court in Pozuelo de Alarcon that accused the four-time Ballon d'Or victor of a "voluntary" and "conscious" breach of his tax obligations.
He reportedly has a €1 billion release clause in his contract.