The event was marked by a lighthearted exchange between Ronaldo and UEFA president Aleksander Ceferin, who teased the Portuguese star about his absence from the competition.
Ronaldo immediately quipped back: "I play Asian [Champions] League, don't forget that."
The 39-year-old then went on to reflect on his illustrious career in the Champions League, a competition that has been a significant part of his legacy.
"For me it is a pleasure to be here. Thank you for this amazing award it means a lot to me," Ronaldo said. "As you know, Champions League it's the highest in football. I had an opportunity, not only you know the record speaks for itself, but I don't mean that, I mean the pleasure to play that competition... it's our motivation."