Real Madrid agree deal to sign Ronaldo

Real Madrid have agreed a deal to sign Inter Milan's Brazilian striker Ronaldo just hours before the European transfer deadline, Spanish media reported on Saturday.

Spanish radio stations said Real would pay Inter 20 million euros ($19.70 million) plus striker Fernando Morientes and another player of their choice valued at around $10 million euros ($9.85 million) who will join the Serie A club during the winter transfer window.

This would bring the total value of the deal to approximately $50 million, making it one of the five most expensive transfers in football history.

It has also been reported that Inter will sell Morientes on to Barcelona for around $20 million and will buy Argentine striker Hernan Crespo from Lazio for a similar price.

Reports said that after weeks of hard bargaining Real and Inter finally hammered out the Ronaldo deal on Saturday morning, shortly after Real had stormed their way to a 3-1 victory over Feyenoord in the European Super Cup on Friday evening.