Cristiano Ronaldo to pay €14.7m – reports

Spanish prosecutors had filed a lawsuit against the player accusing him of defrauding tax authorities of €14.7 million by hiding his image rights income between 2011 and 2014. An allegation the Real Madrid player has denied.

However, according to Spanish public broadcaster TVE, the 32-year-old has decided to pay the sum as a gesture of goodwill.

Despite deciding to pay, Ronaldo continues to deny any wrongdoing, and will continue to “litigate to prove his innocence,” added the report.

Ronaldo, Portugal's all-time leading scorer, is the latest in a long line of soccer players in Spain -- among them Barcelona's Lionel Messi and Neymar -- to be caught up in cases over tax or transfers.

Ronaldo has completed eight seasons at Real Madrid since joining them from Manchester United in 2009 for a then world record fee of 96 million euros

During that time, they have won the Champions League three times and La Liga twice. In November, he agreed to extend his contract until 2021.

He is currently at the Confederations Cup in Russia with the Portuguese national team.