Cristiano Ronaldo saga is 'closed' says Sir Alex Ferguson

Sir Alex Ferguson says that the transfer saga involving Cristiano Ronaldo is "closed" and the Portuguese player will remain at Manchester United.

Speaking this afternoon Ferguson stated that Ronaldo's move to Real Madrid will not take place and that the winger will stay at Old Trafford.

"The matter is closed now. He (Ronaldo) is a Manchester United player - it's finished. He'll be playing here next season believe me. It's finished," he told Sky Sports.

Ronaldo underwent ankle surgery earlier this summer and is not expected to return to action until October.