The reigning Ballon d'Or winner will end his nine-year spell at Real Madrid with a move to Turin following a reported rift with Real Madrid president Florentino Perez over a new contract.
"Real Madrid would like to communicate that we have listened to the wish and request expressed by player Cristiano Ronaldo and have agreed to his transfer to Juventus FC," the Champions League holders said in a statement.
Juventus then confirmed the clubs had agreed on a transfer fee of €100 million (approximately $117 million) -- a Serie A record -- with the Italian club also paying €12 million in ancillary fees to land the 33-year-old Ronaldo, who signed a four-year contract.
Sources confirmed to ESPN's Gabriele Marcotti that Real Madrid were willing to match Juventus' gross salary offer of around €55 million annually (approximately $64.5 million), but Ronaldo still opted to leave.
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