Paris St-Germain are preparing to back down in their transfer pursuit of Cristiano Ronaldo this summer.

Instead, they will focus on getting the likes of Neymar and Kylian Mbappe to sign new contracts.

PSG have been desperate to sign the 35-year-old for nearly a decade now.

Club chiefs believe he would complete the missing piece in their squad and form a monstrous attack.

Despite making Neymar and Mbappe two of the most expensive players in the world, they have looked no closer to their ultimate goal of winning the Champions League.

With Ronaldo at the tip of the spear, they would be almost unstoppable.

PSG wanted Ronaldo up front with Mbappe and Neymar

However, PSG are set to end their interest in the Portugal international this summer in favour of new contracts for their current forwards instead, ESPN report.

Both Neymar and Mbappe will see their deals expire in 2022 amid ongoing speculation on their futures.

A return to Barcelona has been mentioned for Neymar while Real Madrid are plotting to sign Mbappe next summer.

With the two superstars already on huge wages, it would take a mighty chunk of their wage budget to convince them to sign new contracts.

And in the current economical climate, it is a case of either that or splash the cash on transfers - but not both.

There had been rumours that Ronaldo was keen on moving to the Parc des Princes this summer.

Ronaldo has been in fine form for Juventus

The forward had been reported to be desperate to join up with the likes of Neymar and Mbappe before he calls time on his career.

Paris is also a favourite destination of Ronaldo's having won the European Championships with Portugal in 2016.

However, any chance of a move has been effectively ruled out by the coronavirus crisis.

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The impact of the pandemic has savaged clubs in the pocket - with Juve being no different.

Ronaldo has been immensely successful since arriving in Serie A, winning the league twice with Juventus.

In 89 appearances, he has racked up 65 goals - though he did miss out on the Golden Boot this campaign to Ciro Immobile.