Cristiano Ronaldo of Portugal reacts during the FIFA World Cup 2018 Qualifiers Group B match between Portugal and Hungary at the Luz stadium in Lisbon, Portugal, on March 25, 2017. Portugal won 3-0.(Xinhua/Zhang Liyun)

MADRID, June 21 (Xinhua) -- Real Madrid's football player Cristiano Ronaldo was willing to pay 14.7 million euros (16.4 million U.S. dollars) to Spain's tax authorities over alleged tax fraud, local media reported on Wednesday.

Spanish broadcaster TVE cited unnamed sources and reported that the soccer star was ready to pay the money as a gesture of good will.

Ronaldo is accused of using a business structure created in 2010 to allegedly hide his image rights income between 2011 and 2014. The move was considered voluntary by the prosecutor's office, saying that it was done to avoid his tax obligations in Spain.

The agency representing Ronaldo denied any wrongdoing, explaining that the case could be related to different interpretations of the British and Spanish tax systems about where to declare some revenues.