Real rresident Florentino Perez recently suggested that the 28-year-old is keen to extend his current deal beyond its 2015 expiry, in spite of rumours that other clubs are preparing counter transfer offers this summer.
Reports on Thursday claimed Madrid were readying a €166m offer to try and tempt the player into renewing, but he has come out via his official Twitter account to briefly clarify the situation.
"All the news about my renewal with Real Madrid are false," posted Ronaldo on Thursday afternoon.
While Ronaldo has been a success at Real, there have been repeated reports that he is unhappy in Madrid after fall-outs with team-mates and technical staff.
Furthermore, changes to Spain's tax system mean even a significant pay-rise would have little impact on his bank balance, while the likes of Manchester United, Paris Saint-Germain and Monaco have been linked with audacious bids for his services.