Real Madrid star, Cristiano Ronaldo has offered to pay €14 million to the Spanish Tax Agency and admit his guilt to four counts of tax evasion, to avoid going to prison, Spanish newspaper, El Mundo reports.
Ronaldo has been locked in a legal battle with the tax agency for several months and has offered them a formal proposal for the first time.
The newspaper reports that the proposal by the Portugal captain include paying the amount (£12.2m) to the taxman, and that accusations against his advisers, including super-agent Jorge Mendes, dropped.
Ronaldo is being accused of not paying €14.7million (£12.8million) in tax on his image-rights earnings between 2011 and 2014.
Prosecutors have previously said they will push to have him pay back the tax and also pay a fine, which could reach €100 million (£87.3 million).
Reports emerged last week that the reigning world footballer of the year had told Real Madrid to offset his bill at the tax office.
However, if the tax office rejects Ronaldo’s €14 million offer and he is found guilty, he could be given a three-year jail sentence.