According to the report, the agency allegedly hid £154m, (€185m) from tax authorities through a network of offshore accounts and companies in Ireland, the British Virgin Islands, Panama and Switzerland. Last month, tax officials said he paid all his tax declarations in addition to an extra €6m in 2014.
"Real Madrid C. F.is absolutely convinced that our player Cristiano Ronaldo will demonstrate his total innocence in this process".
"The Prosecutor's Office says that the player declared the income derived from the transfer of image rights as income from movable capital to evade taxes".
However, Gestifute - the company owned by the 32-year-old's agent Jorge Mendes - issued a statement detailing their client's arrangements for payments related to his image rights and insisted "there has never been concealment, or the slightest intention to conceal".
According to Spanish prosecutors, Ronaldo sought to hide at least a part of that wealth from the country's tax authorities.
However in a statement, released by Ronaldo's management company Gestifute, the player denied those claims.
Accusations of tax fraud have dogged many of Spain's top players, including Lionel Messi.
Dem 'concerned' Trump will fire investigators
Through a spokesman, Trump's personal attorney, Marc Kasowitz, blasted the Post's report, though he stopped short of denying it. He said the president "sought my advice and input" on Comey's firing.
Spanish giants, Real Madrid, have on Wednesday said they have confidence in the star player, Cristiano Ronaldo.
The Argentine, 29, had also received a 21-month jail sentence but avoided prison as it was the forward's first offense.
However since both men have no prior criminal history and the sentence is below 2 years, they will spend no time behind bars.
Ronaldo was the highest earning athlete in the world previous year, according to Forbes, making 77 million euros.
He earned $93m (£72m) from salary, bonuses and endorsements past year.
A four-time Ballon d'Or victor, the 32-year-old Ronaldo has led Real Madrid to back-to-back Champions League titles and its first Spanish league in five seasons, and helped Portugal to win last year's European Championship. He has led Madrid to back-to-back Champions League titles and helped Portugal to win last year's European Championship.
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