Cristiano Ronaldo has categorically denied that he has signed a new contract extension to keep him at Real Madrid until 2018.
The Portugal international was responding after a day of speculation surrounding his future at the Santiago Bernabeu. But Ronaldo dismissed the reports on Twitter that he had already signed a deal.
The speculation came after Madrid president Florentino Perez announced earlier in the week that his intention was to make him the highest paid player in the world.
Ronaldo has been linked with a €100 million (£84.83m) move to free-spending Ligue 1 outfit AS Monaco, while Manchester United are also said to be monitoring his situation.
"All the news about my renewal with Real Madrid are false," Ronaldo announced on his account.
In a bid to ward off any interested parties, however, Madrid were thought to be preparing an offer that would see the player earn €80 million over five seasons and cost the club €166 million in total when tax is included.
Perez told Marca: "I am going to be as clear as possible. My aim, Cristiano's aim, and the aim of all Real Madrid fans is that he carries on playing here for many years to come. When so many people want the same thing, then it usually turns out to be the case. I myself and Real Madrid both want that.
"The player, Cristiano Ronaldo, also wants that. Without a shadow of a doubt, that is what Cristiano wants too. We are always talking with him. If you are asking me if we've talked about money, then the answer is no because the time isn't right yet. That will have to wait until after he comes back from holiday."
Perez feels talk of a possible move for Ronaldo has been wildly exaggerated, with the 28-year-old still tied to Real until 2015.
He added: "We want him and what is more we already have him. He has two years left on his contract. Anyone would think he was leaving tomorrow. What we would like is for him to stay even longer.
"The future of our project revolves around him. Teams always depend largely on one great player. At one time it was (Alfredo) Di Stefano, later on it was (Zinedine) Zidane. Now it is clear the focus is on Ronaldo. There is nothing better than having the best player in the world in your team. We believe Ronaldo will go down in the club's history as being on a par with Di Stefano.
