Real Madrid have no intention of selling Cristiano Ronaldo for anything less than his €1 billion buyout clause, according to club president Florentino Perez. Ronaldo, 30, has been a reported target of Paris Saint- Germain in recent months, with El Mundo Deportivo reporting earlier this week that Madrid rejected a €150m bid from the French champions this summer for the Portugal captain.

Asked about PSG’s interest in Ronaldo, Perez said in an interview with Spanish radio station Cadena Cope: 

“Here in Spain everybody has it easy because, unlike in England, a release clause exists. If you want to sign a player you pay his buyout clause and get him. “In the case of Cristiano it’s €1,000m [£725m]. If they don’t pay that, they don’t want him. Whenever I’ve wanted a player, I’ve gone for him paying the release clause.”

Ronaldo has three years left on his contract at the Bernabeu, and Perez says a Madrid team without the forward is out of the question.

“It’s just impossible,” he said. “He is our most emblematic player, the best player in the world. It doesn’t enter our mind to sell him. “Of course I like [Barcelona’s Lionel] Messi, but I prefer Cristiano Ronaldo a lot more.”