No one knows quite what Ronaldo's new salary is. Read Madrid is keeping mum, and the Spanish press is reporting everything from €17 million ($23 million) to €21 million a year up to 2018.
Whatever the actual figure may be, though, there is no doubt the Portuguese star will be able to go clothes shopping to his heart's content.
Check out The Local's gallery of Ronaldo's top fashion hits and misses.
But it wasn't just the size of Ronaldo's pay packet that had people talking on Monday.
There was also the issue of the 28-year-old's rather elegant but completely unnecessary black-rimmed glasses — just the latest instalment in the Real Madrid's forwards fashion story.
Indeed, whether its his pineapple hairstyles or his own line of underwear, Ronaldo is rarely out of the fashion press.
But is the star a fashion icon or a fashion victim?
Check out The Local's gallery of Cristiano Ronaldo's looks and make up your own mind.