The forward is currently facing allegations of a £13million tax fraud and now doubts over his Real future have sparked a frantic scramble for his services.
The English club would want both Los Blancos stars to join them in this window, and feel that this might be the right time to finally offer David de Gea's services to the Spanish side.
Could Ronaldo be linking up with Jose Mourinho once again? The Real Madrid ace denies all the charges and the paper says that the Portugal worldwide has been "angered and saddened by the claim and the reporting of it in Spain".
Manchester City have also been linked with the signature of Ronaldo, but given his love and respect for Manchester United, it is hard to see the the once Reds moving to wear the Blues.
If this were to happen, a United move for Donnarumma wouldn't seem too far fetched, especially when considering the goalkeeper shares an agent - Mino Raiola - with the likes of Paul Pogba and Henrikh Mkhitaryan.
Premier League champions Chelsea are reportedly considering a swap deal involving Eden Hazard, while Paris Saint-Germain are prepared to spend any amount to seal a deal for the superstar.
That has prompted speculation linking him with Paris St Germain and Manchester United amongst others, but Silva, who completed a big-money switch to AC Milan from Porto earlier this month, insists the four-time Champions League victor remains focused on his country's upcoming matches.
BBC, meanwhile, quoting a source reported that Ronaldo "doesn't want to stay in Spain".