The transfer fee would almost triple the current record paid by Manchester United for Paul Pogba, and Ronaldo would earn upwards of €100m a year.
The Chinese Super League are hunting Europe's biggest stars and have made their most audacious bid yet.
Real Madrid have received an offer of €300million (£260million) from an unnamed Chinese club for Cristiano Ronaldo, claims the Portuguese superstar's agent Jorge Mendes.
The offer, which would also see Ronaldo earn upwards of €100million a year, comes after Carlos Tevez was made the world's highest-paid footballer by Shanghai Shenua.
If Ronaldo were to move to the Far East, his wage would be more than double that of Tevez, and the transfer fee would be almost three times the current record paid by Manchester United to Juventus for Paul Pogba.
But Mendes insists Los Blancos are Ronaldo's 'life', despite the meteoric sums on offer.
He told Sky Sports Italia: "From China they’ve offered €300 million to Real Madrid and more than €100m per year to the player [Ronaldo].
“But money is not everything; the Spanish club is his life."
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