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Featured Image Credit: Fabrizio Romano & PA Images
Ronaldo initially looked to be joining Manchester City with a deal said to be close on Thursday evening.
However, United swooped on Friday morning and made Ronaldo an offer to make a sensational return to the club.
An official statement reads: "Manchester United is delighted to confirm that the club has reached agreement with Juventus for the transfer of Cristiano Ronaldo, subject to agreement of personal terms, visa and medical.
"Everyone at the club looks forward to welcoming Cristiano back to Manchester."
The fee is said to be around €20 million with add-ons also expected.
Ronaldo joined United from Sporting CP in 2003 and spent six years in Manchester before joining Real Madrid.
He scored 118 goals in 292 games for the Red Devils while also winning three Premier Leagues and a Champions League.
Manager Ole Gunnar Solskjaer had been asked about a move for Ronaldo in a press conference earlier on Friday.
Solskjaer, who has passionately spoken about how he could never play for the Red Devils' bitter rivals, said he and Bruno Fernandes have spoken to Ronaldo.
#MUFC manager Ole Gunnar Solskjaer has his say on Cristiano Ronaldo's future and says 'he knows we're here'. :eyes:
- Sky Sports News (@SkySportsNews) August 27, 2021
Per Fabrizio Romano he said: "Cristiano Ronaldo? We've always had a good communication. Bruno has been talking to him as well and he knows what we feel about him. If he was ever going to move away from Juventus, he knows we are here.
"Cristiano is a legend of this club, the the greatest player of all time if you ask me. I was fortunate enough to play with him. I coached him when I got my job. Let's see what happens."
Pep Guardiola seemed to admit defeat in the pursuit of Ronaldo just hours earlier.
"In the three or four days anything can happen. There are few players, Ronaldo included who decide where they are going to play. There are many things that are far away," he said.