Manchester United are ready to discuss new terms with European Footballer of the Year Cristiano Ronaldo.

The Sunday Telegraph says Ronaldo met with Sir Alex Ferguson and chief executive David Gill.

After two hours of discussions, the Red Devils boss is said to have left in an "upbeat mood", giving Ronaldo and Gill the chance to talk alone.

Ronaldo is currently paid £120,000 a week but should a new deal be struck an extra £30,000 could be added to that, putting him on a £8 million salary.

Despite pledging his future to United when, it seems Ferguson is not happy to take any chances on Ronaldo's current contract which still has three years to run.

The Scot is all too aware that Real Madrid are willing to spend as much as £50 million on the Portugal international and so ensuring another five years would end all chances of any similar speculation in the near future.