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LIVE: Watch Cristiano Ronaldo's contract renewal presentation

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The Portuguese is signing a new five-year deal

Gonzalo Arroyo Moreno/Getty Images

Real Madrid announced a new five-year deal for Cristiano Ronaldo this Sunday. The Portuguese star is set to sign his new contract with the club right now and will speak to the press shortly after. You can watch the event here.

Cristiano Ronaldo is the fourth player who has signed an extension with Madrid over the last few weeks, joining Toni Kroos, Lucas Vazquez and Luka Modric. Dani Carvajal, Pepe and Isco are reportedly negotiating a new deal as well and could sign their extension soon enough.

Ronaldo's new deal will expire in 2021 and he will be 36 years old when that happens. He's been with Real Madrid since the summer of 2009 and has become arguably one of the best players in the history of the club.