Ronaldo seeks new Real Madrid contract.

Real Madrid are ready to renegotiate Ronaldo's contract.

The Brazilian informed Real president Ramon Calderon in an informal meeting on Sunday that he wanted to stay, but also he was keen to renegotiate his current deal.

In Monaco last night to collect an award, Ronaldo said: "I am happy in Madrid. I want to stay for many years."

AC Milan were willing to give Ronaldo 100 per cent of his image rights and the Brazilian is seeking an increase on his current £30-70 per cent share with Real Madrid.

"It's seems normal to me that Ronaldo wants to renegotiate his working contract," said Calderon. "As anyone would."