Cristiano Ronaldo's 100 euro million move to Juventus is reportedly close - and shares are popping

Getty Images

• Juventus shares popped after it was reported that the side is close to signing Real Madrid superstar Cristiano Ronaldo for €100 million ($117 million).
• As of 2:50 p.m. BST (9:50 a.m. ET) the stock was trading at €0.88 ($1.03), a gain of 8.8%.
• Follow Juventus' stock price in real time here.

Shares of Italy's most successful, best-known soccer team, Juventus, have surged on Tuesday after it was reported that the side is close to signing Real Madrid superstar Cristiano Ronaldo for 100 million euros ($117 million).

Spanish news outlet La Sexta reported earlier that a deal for Ronaldo is now almost done, and Sky News said that Juventus' president, Andrea Agnelli, has flown to the Greek island of Kalamata - where Ronaldo is on holiday - to hold talks with the star.

Ronaldo is Real Madrid's top all-time goal scorer, with 451 goals since moving there in 2009. He has won five Ballons d'Or - the most prestigious individual trophy in world soccer - and is arguably the greatest player in the history of the sport.

News of the developing transfer, which was first rumored last week, has send Juventus shares skyward, with a gain of more than 8% from its opening price, according to Markets Insider data. As of 2:50 p.m. BST (9:50 a.m. ET) the stock was trading at €0.88 ($1.03), a gain of 8.6%.

Markets Insider