The Serie A giants failed to get past the last-16 stage of the Champions League for a second consecutive season and the need to balance the books in Turin means one of the club’s prized assets is up for sale.
The Portugal captain joined from Real Madid in 2018 for a fee of €100m.
Ronaldo, whose contract runs until June 2022, earns €54m before tax and Juve would prefer to remove that tab from the wage bill as the club, like the world at large, adjusts to the new fiscal reality of the post-pandemic era.
With Ronaldo out of contract in a little over a year, SportMediaset claim a bid of €60m would be enough to get Juve to the negotiating table with PSG likely to be interested along with Manchester United, Manchester City and clubs in MLS and the Middle East.
Ronaldo has always said he would like to return to Sporting Lisbon toward the end of his career.