The former world’s most expensive player, Cristiano Ronaldo, agreed to stay with Real Madrid until June 2018 on Sunday. The official announcement finally shot down the Portuguese international’s rumored link with his former club Manchester United.

After a press conference in Santiago Bernabeu’s VIP box, Ronaldo and club president Florentino Perez shook hands upon the three-year extension of the striker’s current contract. Although the club has yet to reveal the details of the contract, Spanish media reported that the 2008 World Player of the Year is now estimated to earn an annual salary of €20m ($26.6m), making him the one of the highest paid players in history.

“It’s a very special day for me. I want to thank my teammates, the coach, and, above all, the president," Ronaldo said. "This contract makes me really happy and it’s a privilege to continue in this house. I’m always going to give my best for this shirt. I hope that I’m here until I retire. This is a great club.”

Perez expressed during the press conference that the deal was one of those special moments that will serve as a milestone in the club’s history. “This is a great day for the club," he said. "We’ve made the dream of all madridistas come true. Cristiano is and will eternally be madridista”

Ronaldo joined Real from United in 2009 with a record transfer fee of  €94m ($127m), which was broken earlier this month after the arrival of Gareth Bale from Tottenham Hotspur for €100m ($158m). The 28-year old striker contributed 203 goals in 203 appearances for the Los Blancos, and helped to win La Liga in 2012 and raise the Copa del Rey in 2011.

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