Manchester United have agreed to sell Cristiano Ronaldo to Real Madrid for a world record 80 million pounds (130 million dollars, 94 million euros), the club said Thursday.
"Manchester United have received a world-record, unconditional offer of 80 million pounds for Cristiano Ronaldo from Real Madrid," said a statement on its website, under the headline "Reds accept #80m Ronaldo bid."
The statement continued: "At Cristiano's request - who has again expressed his desire to leave - and after discussion with the player's representatives, United have agreed to give Real Madrid permission to talk to the player.
"Matters are expected to be concluded by 30 June. The club will not comment until further notice."
Ronaldo has long been a target for the Spanish giants, whose returning president Florentino Perez vowed earlier this week to do "everything possible" to take the 24-year-old to the Bernabeu.
The news comes just days after Real clinched the 56 million pounds transfer of Brazilian playmaker Kaka from Italian side AC Milan as they look to compete with arch-rivals Barcelona on the domestic front and such as Manchester United and Chelsea in the Champions League.
United fans have repeatedly been told no deal had been agreed for the sale of FIFA's world player of the year in the face of regular statements from Spain the former Sporting Lisbon star was bound for the Bernabeu.
There was no immediate statement from Real Madrid.