Real Madrid general director Angel Arroyo insists the club could afford to sign Cristiano Ronaldo.

The Manchester United winger has once again found himself linked with a summer move to the Spanish giants, although Ronaldo has again this week denied he wants to leave Old Trafford.

And Carlos Queiroz recently claimed United would turn down a record-breaking £100million to take the Portuguese superstar to Spain.

But Arroyo told Marca: "Real Madrid have the solvency and the financial liquidity to be able to take on a signing of the magnitude of Cristiano Ronaldo.