Cristiano Ronaldo signalled an ambition to finish his career at Real Madrid after signing a new contract that ties him to the club for the next five years.

The Portuguese forward, whose previous agreement had been due to expire in 2015, expressed delight at agreeing terms after speculation during the summer that he could be tempted back to Manchester United. But the possibility of a return to Old Trafford seems remote after Ronaldo stressed the Spanish capital is where he wants to stay. "I'm really happy here," he said. "I'll be here five more years. I just want to win trophies for this club. I appreciate the fans like me a lot. I'm happy, I want to give my best on the pitch. I will be honest with you, everyone knows I was in Manchester for six years. Manchester is in the past. Now my club is Real Madrid. This is my home, my family is here and I'm really happy here.

"I respect all the clubs who ask about me. But they always know my decision, my only goal is to be here and to play at this club until, maybe, the end of my career."

Ronaldo's future was called into question amid Madrid's protracted pursuit of Gareth Bale. The Spanish club finally struck an agreement for a world-record €100m, which meant that the Portuguese was no longer the most expensive player in the world. Madrid laid out the red carpet for the Ronaldo yesterday, however, with president Florentino Perez hailing one of the greatest days in the recent history of the club. "It's a great day for the club," he said. "We have made the dream of all Madridistas. "Cristiano Ronaldo and Real Madrid will remain forever."

Madrid did not release the financial details of Ronaldo's new contract but reports have suggested that it will make him to highest paid player in the world, eclipsing the package that Bale put pen to paper on earlier this month. "In life there are things more important than money," Ronaldo said when asked if his deal was now the most lucrative in world football. It is important, I am not going to lie, but the project is to win things. I feel integrated into this project. The issue is not whether I'm the best paid in the world, the second or the third."

The winger also revealed he had told Perez at the end of last season that he would remain and that only final details had held up the signing. "We had an agreement since the end of the season," he explained. "That has been finalised now because there were some papers to complete. The president and I gave the word at the end last season. We both wanted to continue at the club."

Ronaldo and Bale played in the same team for the first time in the 2-2 draw at Villarreal on Saturday. Bale took 39 minutes to score on his debut before Ronaldo put Madrid ahead, only for Giovani dos Santos to level.