Cristiano Ronaldo has signed a lucrative seven-year deal to restart his football career with the Saudi club

According to the Spanish sports newspaper Marca, Cristiano Ronaldo will sign a seven-year mega contract with the Saudi Arabian club Al Nassr.

Marca said on Thursday that an agreement has been reached and the deal could be written shortly once Ronaldo leaves for Riyadh.

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It added that Ronaldo, who is 37, would play for the club until 2025 and then become an ambassador to help Saudi Arabia co-host the 2030 World Cup.

According to the report, the deal would see the former Manchester United and Real Madrid earn a whopping €200m (AUD318m) a year during his two-and-a-half years as an Al-Nassr player and even more so in the subsequent ambassador role.

Saudi Arabia is aiming for the 2030 World Cup together with Egypt and Greece.

Ronaldo has been without a club since his United contract was mutually terminated last month after he harshly criticized the club and its manager Erik ten Hag.

He has been linked with Al Nassr for some time but reneged on an agreement during the World Cup that saw him not start XI in Portugal’s last two games in the round of 16 and quarterfinals.

According to English and Portuguese reports, he had set his sights on continuing to play at the highest level, including Champions League football.

Ronaldo keeps fit in Madrid at ex-club Real, who Marca are close to.

The daily said the breakthrough with Al Nassr came last week and the Saudi club intends to part ways with three players in order to have additional funds for Ronaldo’s huge salary.

Saudi Arabian Football Federation president Yasser Al-Misehal had recently told Marca: “We would love to have this player in our league.

“We want to surprise by having more top players from all over the world. As an association, we would be very happy about that. We would like to bring him here.”