Real Madrid presidential candidate Juan Onieva says it would be 'madness' to spend 100million euros on Cristiano Ronaldo.
Manchester United winger Ronaldo has been a long-time target for Real and was heavily linked with a move to the Santiago Bernabeu last summer.
Ronaldo was convinced to stay at Old Trafford, but reports have claimed former Real president Ramon Calderon had a pre-agreement in place to sign the Portugal international at the end of this season.
A figure in the region of 100million euros (Ј88million) had been mooted, but Onieva has no intention of following up on Calderon's agreement.
The former Real vice-president is aware of the proposed deal, but believes it would be 'offensive' to pay such a sum in the current economic climate.
Offensive"I wouldn't go through with it," Onieva told Onda Cero . "If I had to take a decision I would contest the deal. I think it's madness.
"I only know the terms in general. I haven't seen the document.
"I think it is a little less than this (100m euros) because the deal was made in pounds.
"In terms of the figures, as far as I am aware, it is not right to pay that amount of money, especially in times like these.
"It's almost offensive. Also, I don't think he is the solution for Real Madrid."
Onieva's chief rival for the presidency - Florentino Perez - has been tipped to launch a bid for Ronaldo if he wins the upcoming election.
However, Ronaldo is expected to remain with the Premier League champions over the summer after admitting he 'doesn't care' about what is currently happening in the Spanish capital.
Not transferable
Real, meanwhile, have issued a statement to deny reports that a pre-agreement is in place for the club to sign Ronaldo.
"In relation to the reports that have appeared in several media in the last few hours regarding the alleged signing of the Manchester United player Cristiano Ronaldo, the club want to categorically deny said information," the statement read.
"There exists no pre-agreement, neither with the player, nor with his agent, nor with Manchester United.
"As is well known, Real Madrid tried to sign the player last summer and Manchester United made it clear that the player was not transferable."
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