(The top tax rate in Italy is 43%, so Juve will paying around 53 million euros a year for Cristiano's salary cost, plus social security etc.).
The signing also strikes a blow for the profile of Serie A against La Liga, which has now lost two of its three most famous players in the previous year after Paris St Germain signed Neymar from Barcelona for a world record fee last August.
152 - The five-time Champions League victor has scored more goals between the 76th and 90th minutes of matches than in any other 15-minute period.
Real Madrid described Ronaldo as one of the club's "great symbols" for his success on the pitch and the example he led off it.
Ronaldo won sixteen honours with Real, which included four European Cups three of which have come in the last three seasons. Individually, 4 Ballons d'Or, 2 The Best and 3 Golden Shoes. The move, which seemed inevitable, was confirmed on July 10, according to Sky Sports.
'Cristiano, your goals, your numbers and everything we've won together speak for themselves, ' Ramos said. The Madrid fans will remember you forever.
"You can not easily find a champion who, in addition to participating decisively in team play, guarantees more than 50 goals per season, and much more for the past nine years."ESPNFC". Big hug and good luck!'
Juventus will play four preseason games in the United States this summer - including the MLS All-Star Game in Atlanta on August 1 and a game against Real Madrid in Washington on August 4.
"I only have feelings of enormous gratitude for this club and for this city", Ronaldo wrote. A public announcement of his desire to quit the club is believed to be the only thing that could hold up the deal once Juve submit an official bid.
Ronaldo spoke after the Champions League final, hinting at the possibility that he would leave Real Madrid this summer, after eight seasons at the club.
"So Cristiano, I tell you this: make the right choice".
There have been a number of discussions surrounding a potential transfer to Juventus over the past few weeks and recent reports are suggesting that a deal could be finalised within the next 48 hours.
However, with four goals in as many games, Ronaldo memorably contributed to one of the games of the tournament; Portugal's opening round 3-3 draw with Spain, in which the former Real Madrid man scored a hat-trick - the last of which was a spectacular free-kick to level proceedings late on.