Ronaldo, in a joint venture with Portuguese company Pestana, had gained a building license earlier this year to convert one of Gran Via's historic buildings into a 160-room luxury hotel with roof-top bar but Portuguese media now say that project could be shelved.More news: Who’s Thrilled With The Helsinki Summit, Besides Russia? Israel
"I got news today from a friend of Zidane who had dinner with him in Madrid a few days before he left the club", Brazilian journalist Andre Rizek told Sport TV.
"It will again be the Italian football that I watched when I was a child because Cristiano Ronaldo is a great player".
"I think it is a hard decision for him so I wish him good luck but not against Paris".More news: Suzuki Motorcycle to invest ₹600 crore in its second India plant
It was rumoured that he would potentially make his debut in incredible fashion against his old club Real in the International Champions Cup on August 4, but that doesn't look like it will be happening unfortunately.
However, Paris-Saint Germain forward Neymar who has battled the Portuguese severally in El Clasico games during his stay at the Nou Camp is full of praise for the five-time Ballon d'Or award victor stressing that the move will bring a new life to the round leather game in Italy. "I have a contract", he said. Everyone knows my objective, why I went to Paris. I am here because I want a challenge.More news: Sanctions are crippling North Korea's economy