Cristiano Ronaldo has released a statement after being released by Manchester United, stating that he believes it's the right time to seek a new challenge.

The news of Ronaldo's release was confirmed by the club on Tuesday with a statement of their own: "Cristiano Ronaldo is to leave Manchester United by mutual agreement, with immediate effect.

"The club thanks him for his immense contribution across two spells at Old Trafford, scoring 145 goals in 346 appearances, and wishes him and his family well for the future.