Cristiano Ronaldo Rumors Shrugged Off.

Rumors surrounding Cristiano Ronaldo leaving Manchester United have been shot down by the club's boss.

"That's nonsense," said Sir Alex Ferguson. "First of all they haven't made an offer anyway. That's not even worth talking about, it's not even an issue for us."

"They" applies to the Portugal International team.

But reports have surfaced that Real Madrid is ready to make an £27 million bid for Ronaldo.

Neither United nor Real would comment on the report this past week, which also claims that the Reds would want a near-world record of £47m to part company with the player they signed for £12m, says the Manchester Evening News.

Ferguson has since come forward however to quash the Real Madrid rumors.

"It's nonsense," he told reporters. "Firstly, I can tell you they have not made any offer. And, secondly, it's not even an issue for us, so it's not worth talking about."

Ferguson remains keen on recruiting Owen Hargreaves but admitted there had been no fresh developments with Bayern Munich over his transfer from the Bundesliga giants.

He added "There is nothing to report at the moment."