Real Madrid have reportedly maintained that Cristiano Ronaldo's buyout clause remains at €1 billion (£886 million) and has not been reduced to help facilitate his exit from the club.
According to Marca, Diario OK had reported that Real decided at the end of the January transfer window to reduce his clause to €120 million to make him more affordable to any interested parties, with the exceptions of Paris Saint-Germain and Barcelona.
Between then and the UEFA Champions League final in May, Manchester City, Arsenal, Chelsea and AC Milan are said to have approached Ronaldo's agent Jorge Mendes to inform him they could meet that smaller clause, as well as offer the forward a net salary of €40 million.