The Portuguese superstar inked his new contract in the Royal Box at the Bernabeu at 12.45pm BST, with president Florentino Perez in attendance.
Ronaldo joined Madrid for a then world record fee of £80 million in 2009 and has scored a quite remarkable 203 goals in 203 games for the Spanish giants, including a strike in a 2-2 draw against Villarreal on Saturday night.
It is reported Ronaldo's new contract, worth £76m over five years, will make him the world's highest paid player - above Paris Saint-Germain's Zlatan Ibrahimovic.
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