Ronaldo will sign a four-year deal that includes a yearly salary of around €30m ($35 million), according to The Guardian.
New Paris Saint-Germain goalkeeper, Gianluigi Buffon, has said it wouldn't surprise him to see Real Madrid forward Cristiano Ronaldo join Juventus this summer.
"These years at Real Madrid, and in this city of Madrid, have been possibly the happiest of my life".
A reported fee of €100million could see the five-time Ballon d'Or victor swap LaLiga for Serie A, and Trezeguet would be delighted to see him at Juve.
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The meeting between the agent of Manchester United target Gareth Bale and Real Madrid has been cancelled but there is more optimism about the player continuing at the Santiago Bernabeu.
Real Madrid Stats: Highest goalscorer in Real Madrid history, with 451 goals in 438 games.
Allegri has won four straight Serie A and Coppa Italia doubles in as many years since replacing Antonio Conte as Juve coach, although he has yet to get his hands on the Champions League - a trophy the Italian club last won in 1996.
Sky Sports News understands Juventus are close to agreeing an £88m deal to sign the five-time Ballon d'Or victor from Real Madrid. "I have had nine absolutely wonderful years at the club".
"It's too soon to say [whether Ronaldo would make Juve Champions League favourites], but they're in the group of teams that can win it. I feel it this way and I am asking everyone, and especially my fans, to please understand me".
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I have had fabulous teammates in the field and in the dressing room, I have felt the warmth of an incredible crowd and together we have won three Champions in a row and four Champions in five years.
Real Madrid will always be your home.
Although supposedly no longer in his peak years as a player, Ronaldo remains in excellent physical condition and there are those who believe he will, like another former United player, Ryan Giggs, continue to play at the highest well into his late 30s.
He said: "It was very nice to be at Madrid".
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