The 37-year-old Portuguese star had his Manchester United contract terminated earlier this month after his controversial statements in a TV interview with Piers Morgan.
Saudi Arabian giants Al Nassr have offered a contract worth £186 million over three years to the iconic Portuguese striker, according to a report from CBS Sports.
The monstrous contract is said to be on the table in order to entice Ronaldo to make the switch to the Middle East, but the player is still evaluating the options available to him in Europe.
Al-Nassr is one of the most successful clubs in Saudi Arabia, having been crowned winners of the country’s top flight nine times, with their most recent triumph coming in 2019.