Cristiano Ronaldo is on the verge of extending his stay with Al-Nassr, according to reliable Saudi sources. The 40-year-old Portuguese captain, whose current contract was set to expire at the end of June, is reportedly finalizing a two-year extension with the Saudi Arabian club.

Ronaldo's future with Al-Nassr had been a topic of intense speculation, especially after his cryptic social media post following the club's final Saudi Pro League game last month. The post, which read "the chapter is over," led many to believe that Ronaldo was considering a departure. However, it now appears that he has decided to continue his journey with Al-Nassr.

Despite receiving offers from teams participating in the upcoming Club World Cup, Ronaldo has chosen to decline these opportunities. His decision comes after Al-Nassr failed to qualify for the expanded tournament, which will be held in the United States. Ronaldo has expressed his commitment to the Saudi club and is even exploring opportunities to make sports investments in the Gulf nation.

Since joining Al-Nassr in January 2023, following the termination of his contract with Manchester United, Ronaldo has been in stellar form. He has scored 99 goals in 111 appearances for the club, including 35 goals in 41 matches last season, earning him the Golden Boot award as the league's top scorer.

In other news, Al-Nassr recently parted ways with their Italian manager, Stefano Pioli, after less than a year in charge. Pioli, who previously managed AC Milan, led the team to a third-place finish in the Saudi top flight last season. Ronaldo took to social media to thank Pioli for his contributions, as the 59-year-old is set to take charge of his former club, Fiorentina.

BBC Sport has reached out to Ronaldo's representatives for further comments on the contract extension. Stay tuned for more updates on this developing story.