Financial details were not disclosed, but the BBC claimed the fee was 15 million euros for Ronaldo up front, with eight million euros added on. Sky Italia said he will sign a two-year contract worth 480,000 pounds ($660,048.00) a week.
The benefits often include residency rights, visa-free travel within the Schengen Area, and the potential for eventual Spanish citizenship. However, it's essential to check the specific requirements and benefits as they may vary over time and by the type of investment made.
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"This is why he will not be called up tomorrow. He did not train yesterday. He told his team mates this morning. I am not surprised at anything, in football there is the market and there are the needs of individuals.
The transfer is subject to the agreement of personal terms, visa and a medical, but the 36-year-old appears set to leave Juventus to re-join the club where he won eight major trophies between 2003-2009.
The key eligibility requirements for obtaining a Golden Visa in Spain typically include making a significant investment in the country, such as purchasing real estate or investing in a Spanish company, among other options.
Ronaldo spent six seasons at Old Trafford from 2003-2009 where he won eight major trophies plus the Ballon d'Or as the world's best player in 2008 before sealing a then world record 80 million pounds move to Real Madrid.
"I cannot say much," said the Spanish coach when asked about Ronaldo at a news conference to preview Saturday's home match against Arsenal. "Only I can say that in this three or four days left until the transfer window shuts, everything can happen.
Initial media reports had said Ronaldo, who told Juventus coach Massimiliano Allegri he wanted to leave the Turin club on Thursday, was likely to move to United's rivals City, but Sky Sports said the Premier League champions had decided against doing a deal.
"Today I leave a wonderful club, the largest in Italy and certainly one of the largest in Europe," he said. "I gave my heart and soul for Juventus and I will always love the city of Turin until my last days.
"I know (United's Portugal midfielder) Bruno (Fernandes) has been talking to him as well and he knows what we feel about him. And if he was ever going to move away from Juventus he knows we're here," he told a news conference on Friday.
Allegri's comments sparked a media frenzy, with reports in both the Italian and British media claiming Ronaldo's agent, Jorge Mendes, had already agreed personal terms with City - a move that would have proved controversial given their rivalry with United.
"He´ll play regularly, he´ll play as a No 9, I´m sure they´ll put legs in and around him. He will score goals and Cristiano Ronaldo will be coming to win trophies, win personal accolades and set the Premier League on fire."