BREAKING: Cristiano Ronaldo 'receives' a 'formal proposal' from Al Nassr worth £173 million-a-season

Cristiano Ronaldo has received a 'formal proposal' from Al Nassr, worth a whopping £173 million-a-season.

That's according to transfer expert Fabrizio Romano, who claims the Saudi Arabian team have tabled a bumper deal to lure the 37-year-old to the Middle East.

The official proposal is understood to be close to £173 million until June 2025, making it a world record bid in football.

Al Nassr approached Ronaldo during the summer transfer window, but the superstar forward opted to stay in Europe.

The report claims a big part of the proposal is in the sponsorship agreements. Ronaldo's lawyers will check if the image rights can be agreed.

Cristiano Ronaldo celebrates scoring for Portugal at the World Cup. Image: Alamy

Ronaldo, who is currently on international duty with Portugal, has not yet decided on his next club as he's focused on the World Cup.

He's yet to agree, sign or accept any offer as his future remains up in the air amid intense transfer speculation.

The president of the Saudi Arabia Football Association, Yasser Al-Misehal, hopes to bring the former Real Madrid and Juventus man to Saudi Arabia.

"We would love to see a player like Cristiano Ronaldo playing in the Saudi league," he told The Athletic.

"It would bring a huge positive feedback and it would be big news for everyone. I’m sure everyone knows the achievements and records of Cristiano Ronaldo, but also as a player who is a great role model."

Al-Misehal added: "I think, 'Why not?'. I’m sure it would be a very expensive deal, of course, but we can see our clubs getting higher revenues in the past couple of years.

"We have already seen some big players who used to play in the Premier League come to the Saudi league."

Ronaldo had his Manchester United contract terminated following a controversial interview with Piers Morgan.

Saudi-backed Newcastle United are also thought to be interested in acquiring his services.