Real Madrid president Florentino Perez claims he will not jeopardise his relationship with Manchester United to sign Cristiano Ronaldo.
Perez, who returned to office at the Spanish club for a second time last month, has suggested he would like to sign the Portugal winger.
However, he is determined not to earn the wrath of United following his club's public pursuit of Ronaldo under then president Ramon Calderon 12 months ago.
United reported their Spanish rivals to FIFA over their courtship of the World and European player of the year.
Perez has suggested his relationship with the Old Trafford club is more important that signing any player - including Ronaldo.
The Real president has already made the acquisition of AC Milan's Brazil star Kaka his main priority this summer.
"If one day there is a chance of (Ronaldo) playing for Real Madrid, that would be an honour for us," Perez told The Times.
"But if I had to choose between the friendship with Manchester United and the signing of Ronaldo, I would choose the friendship.
"Plus, I have never said that Cristiano will arrive in June. That is an arrogant and false statement.
"I shall be talking with (United manager Sir Alex) Ferguson and (chief executive) David Gill to build bridges.
"If we sign Kaka from Milan, I can assure you that we will still have a very good relationship with (their vice president Adriano) Galliani."