According to Spanish media reports, Real Madrid had agreed in principle to a swap loan deal and earlier on Thursday Inter Milan owner Massimo Moratti admitted he was interested in taking Ronaldo back to the San Siro.

However, Inter spokesman Stefano Filucchi said later there would be no negotiations with the Spanish club for Ronaldo and no swap deal with Adriano.

Spanish radio station Cadena Ser reported on Thursday night that the negotiations had broken down because of Ronaldo's wage demands of 15 million euros a year.

The 2002 World Cup winner, whose contract at Madrid runs till June 2008, has a net annual salary of 7.5 million euros in Spain.

Just two days ago Ronaldo had said he wanted to stay with Real.

"I am extremely happy at Real Madrid. I want to stay with the club for many years," said the three-time world player of the year and leading all-time World Cup goal scorer.

Adriano has had several well-publicised fall-outs with Inter coach Roberto Mancini and could have been keen on a move to Spain.