The media has projected Ronaldo's contract with Al Nassr to be worth more than 200 million euros ($214.5 million).
Cristiano Ronaldo has signed a two-and-a-half-year contract with Saudi Arabian club Al Nassr, according to the Riyadh-based club.
The 37-year-old Portuguese forward departed Manchester United last month after an inflammatory television interview in which he said he felt betrayed by the club and did not respect its Dutch boss Erik ten Hag.
Al Nassr tweeted an image on social media of Ronaldo on Saturday holding up the team's jersey, with the club celebrating the signing as "history in the making".
"This is a signing that will not only inspire our club to achieve even greater success but inspire our league, our nation and future generations, boys and girls to be the best version of themselves," the club said in a tweet.
History in the making. This is a signing that will not only inspire our club to achieve even greater success but inspire our league, our nation and future generations, boys and girls to be the best version of themselves. Welcome @Cristiano to your new home @AlNassrFC pic.twitter.com/oan7nu8NWC
— AlNassr FC (@AlNassrFC_EN) December 30, 2022
"I am fortunate that I have won everything I set out to win in European football and feel now that this is the right moment to share my experience in Asia," Ronaldo said.
"I am looking forward to joining my new team mates and together with them help the Club to achieve success."
Al Nassr stated that the five-time Ballon d'Or winner will join on a contract through 2025 but did not provide financial information. The media has assessed Ronaldo's deal with the team to be worth more than 200 million euros ($214.5 million).
Ronaldo will arrive in Saudi Arabia with a plethora of club honours following a brilliant tenure at Real Madrid from 2009 to 2018, when he won two La Liga crowns, two Spanish Cups, four Champions League titles, and three Club World Cups.
He went on to set a club record with 451 goals for Real Madrid and has over 800 career goals for club and country.
In three years with Juventus, Ronaldo won two Serie A titles and a Copa Italia before returning to Manchester United, where he won three Premier League titles, the FA Cup, two League Cups, the Champions League, and the World Cup.
He represented Portugal in Qatar, when he became the first male player to score in five World Cups with a penalty in Portugal's first Group H game against Ghana.
Portugal were eliminated in the quarter-finals by Morocco, and Ronaldo spent much of the game on the bench, raising concerns about the footballer's star status.
Ronaldo stated that the World Cup in Qatar would most likely be his last as he plans to retire at 40, with the transfer to Saudi Arabia likely to be the final chapter in the career of one of the game's greatest contemporary players alongside Lionel Messi.
"This is more than history in the making," Al Nassr Football Club President Musalli Almuammar said. "This is a signing that will not only inspire our club to achieve even greater success but inspire our league, our nation and future generations."
The Saudi club, which has won nine Saudi Pro Premier League titles, is hoping Ronaldo can help them win another local league title as well as their first in the AFC Asian Champions League.
Saudi Arabia's national squad earned its largest international win ever last month at the World Cup in Qatar, defeating eventual champion Argentina in its opening group-stage game, but failed to advance to the knockout stages.