Paddy Power were offering a massive 40/1 (41.0) on this same selection in the middle of June, but rumours about a potential move to the Serie A champions have seen his odds slashed.
Ronaldo scored four goals for his country at the World Cup, including a hat-trick against Spain, but it was not enough as Portugal crashed out to Uruguay in the last 16.
The 33-year-old has had an illustrious career in the Spanish capital thus far, winning the Champions League four times in the last five years as well as two La Liga titles, and has won five Ballon d’Ors in his career.
His total of 450 goals for Real is by far a club record and his 311 La Liga strikes puts him behind eternal rival Lionel Messi by 68 goals in the all-time stakes – despite playing 126 fewer games than the Barcelona star.
There are odds of 11/4 (3.75) on Ronaldo staying at Real Madrid, where he is contracted until 2021, although rumours suggest he would earn €30m (£26m) per year in Italy.
Reports of his impending departure have been circulating since Los Blancos beat Liverpool in this season’s Champions League final, when Ronaldo told beIN Sports: “It was very nice to be in Madrid.”
His potential destination has been unclear up until now, and Paddy Power also offer 14/1 (15.0) that Ronaldo moves back to Manchester United after enjoying six successful years there.