According to O Jogo, the Portugal international will join the Italian champions following reports that they have triggered his €100m (£88m) release clause.
The Old Lady are said to be willing to hand Ronaldo a four-year contract worth €120m (£101m).
Earlier reports suggest that the 33-year-old recently turned down the chance to sign a new contract with Real after growing disillusioned with life at the Bernabeu.
Ronaldo's former employers Manchester United were originally as the favourites to sign him when his club future was cast into uncertainty.
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