Cristiano Ronaldo could be set for a sensational return to Manchester United next summer, with the English Premier League giants set to go ahead with a bid worth £92.5m for the Real Madrid superstar, according to reports.

Spanish news website Fichajes has mentioned that the Red Devils are heavily pursuing the Portugal forward and are keen to land him at the end of the current season. It has also been claimed that Ronaldo will be awarded £14.7m-a-year contract at Manchester United, and part of the wages could be covered by the player's commercial revenue.

There has not been a single transfer season in recent times when Ronaldo -- who played for Manchester United between 2003 and 2009 -- has not been linked with a return to the English side. A winner of three Premier League titles, and a UEFA Champions League title with United, Ronaldo has a contract running at the Santiago Bernabeu until the summer of 2018.

The 30-year-old has also seen some heavy pursuit from French giants PSG in the recent transfer seasons, and recent reports have surfaced that the Parisiens are willing to shell out a massive £250m package to acquire the player's signature.

Meanwhile, Spanish football expert Guillem Balague has explained that the influence of Ronaldo on Real Madrid is coming to an end, as the player is way past his peak years.

"Everybody knows how hard he's worked to get where he is. I think he peaked one or two years ago," Balague was quoted by Sky Sports.

"What we are seeing is an extraordinary striker who will continue scoring goals, especially when he is less anxious about beating Raul for the goalscoring record at Real Madrid. And he will be considered an extraordinary No 9.

"But I feel his influence on the game is diminishing, and that's why I insist with this idea that he has peaked.

"But he is still someone who will play at an extraordinary level for a long time."

Ronaldo, who is currently in his seventh season with Real Madrid, won the La Liga title and the UEFA Champions League titles each on just one occasion with the Spanish giants. However, the Portuguese has been smashing records in the white jersey ever since he started his career with the Los Blancos.  

Ronaldo scored a record 61 goals for Real in all competitions last season, and also was the top goalscorer in La Liga for two consecutive seasons. He has eight goals from seven games in all competitions for his club this season.

Meanwhile, it was reported just days back that Real Madrid have identified possible replacements for Ronaldo in the form of Chelsea's Eden Hazard and Liverpool's Philippe Coutinho.

And Florentino Perez has also reportedly considered selling Ronaldo, along with the other star forward Gareth Bale, in order to generate cash for the Premier League duo.