Juventus' Cristiano Ronaldo reacts after seeing one of his shots saved during the Serie A soccer match between Chievo Verona and Juventus, at the Bentegodi Stadium in Verona, Italy, Aug 18, 2018. (ANTONIO CALANNI / AP)

Cristiano Ronaldo will earn more than 560,000 pounds (US$770,810) a week as part of his two-year contract with Manchester United Plc, Telegraph Sport reported Sunday without saying where it got the information.

The English soccer club announced an agreement with Juventus Football Club SpA to acquire the Portuguese star on Friday. The deal is worth as much as 19.7 million pounds and ends earlier attempts by rival club Manchester City to recruit the player, the newspaper reported. Manchester United will pay Juventus an initial 12.85 million pounds with a further 6.85 million pounds in add-ons for Ronaldo, depending on the club and player’s performance. 

Ronaldo’s return to Manchester United comes about 12 years after he left the team to play for Spanish powerhouse Real Madrid. The deal sent shares of Manchester United 5.8 percent higher in New York trading Friday, after the club confirmed his transfer pending agreement of personal terms, visa and medical. 

READ MORE: Ronaldo's return to United sparks hopes of reviving glory days

Ronaldo is expected to play his first game of the season against Newcastle on Sept 11. He scored 118 goals in 292 matches for Manchester United when he last played for the club.