The Spanish giants face a fight to keep the Portugal star, who is being strongly linked with a big move to Paris Saint-Germain after growing unsettled at the Bernabeu.
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According to Don Balon, Real are already looking into signing either Alexis Sanchez or Eden Hazard as ideal replacements for Ronaldo in attack.
Hazard is another player unsettled with his current club after Chelsea’s terrible performances this season, though Sanchez recently committed his future to the Gunners and could sign a new contract imminently.