Ronaldo deal could cost Juventus over €340M

Juventus' sensational signing of Cristiano Ronaldo will cost the Italian giant a small fortune.

The Bianconeri confirmed the widely reported transfer fee of €100 million on Tuesday, while also revealing that €12 million in additional solidarity payments will come out of coffers. While the reigning Serie A champion did make Ronaldo's four-year contract official, the club did not reveal the financial breakdown of the agreement with the Portuguese superstar.

Fabrizio Romano of the Guardian reports that the 33-year-old will earn around €30 million per year over the course of his new deal. With Italian clubs having to pay the same amount in tax as they do in wages, that would see Ronaldo's contract cost Juve a total of around €240 million.

If they weren't already, Max Allegri and Co. are now all in for the Champions League.