Cristiano Ronaldo became a free agent earlier this week after mutually agreeing with Manchester United to terminate his contract.
Ronaldo’s availability has prompted many clubs to consider moves for the five-time Ballon d’Or winner.
Brazilian giants Flamengo and Saudi Arabian powerhouse Al Hilal have been linked with Ronaldo in recent days.
CBS claims that Saudi Arabian club Al Nassr have offered Cristiano Ronaldo a three-year contract worth £186m.
The deal would see Ronaldo play into his 40s, with Al Nassr resuming talks with his representatives that began in the close season.
An unnamed Saudi club reportedly made a bid for the 37-year-old Portuguese before the start of this campaign.
Al Nassr are nine-time champions of Saudi Arabia and their head coach is former Lyon and Roma boss Rudi Garcia.