Perez is in contact with PSG president Nasser Al-Khelaifi over the possible swap of Ronaldo plus cash for Neymar.
Ronaldo and his agent Jorge Mendes have been pushing for an improved deal which the Perez is unwilling to meet their demands.
The Los Blancos president has another plan instead of offering him a pay rise, Perez wants Neymar who is younger and can help Real Madrid win trophies while increasing his own profile, according to reports in Spanish media.
Hazard reveals the best between Messi and Ronaldo
claims Real chief Florentino Perez is determined to sign the Brazilian sooner rather than later.
Real Madrid is set to offer PSG Ronaldo plus £89m (€100m) in a bid to tempt them to sell the Brazilian forward.
Ronaldo is said to be against the deal to be part exchange for the player he competes with for individual awards.
If Al-Khelaffi can meet Ronaldo’s demands and pay him what his rivals earn he will make the switch.
Perez is also ready to break the bank and pay £222m (€250m) If PSG is unwilling to entertain a part-exchange.