According to Portuguese journalist Goncalo Lopes, the 36-year-old has a contract until the summer of 2022, and the new deal would keep him at the club for another season.
The player’s agent, Jorge Mendes, is working with the club hierarchy to secure the extension, as per Calciomercato.
The Italians had a disappointing domestic campaign last year, but Cristiano Ronaldo managed to perform at a high level, and he was the top scorer in the Italian league.
Furthermore, the Portuguese international had an impressive European Championships campaign as well, and he is currently the top scorer of the competition with five goals.
There is no doubt that the 36-year-old has a lot to offer at this level yet, and keeping him at the club for two more seasons could prove to be a wise decision.
Juventus will be desperate to bounce back strongly next year and reclaim their domestic crown, and Ronaldo would certainly help them in that regard.
Ronaldo was signed to win the Champions League for Juventus, but he has not been able to deliver the trophy yet.
The Portuguese international will need more help and support from his teammates in order to guide you want us to European glory, and it remains to be seen whether the Italians can bring in the necessary reinforcements.