But the 24-year-old Robinho is not satisfied with these terms and has informed the club he wants to move on. His agent, Wagner Ribeiro, told reporters, "Madrid has failed to value him as he deserves and I do not like the fact that they tried to include him in the Ronaldo deal."
The diminutive winger, who has 50 caps for Brazil, has expressed his interest in joining Chelsea.
"It would be a dream for me to work with Luiz Felipe Scolari, who is one of the best coaches in the world," he said. "I have always spoken highly of him and he has always spoken very highly of me, since well before he was at Chelsea. In 2003, when I was unknown in Europe, he called me to play in a charity match. It was brief but it was enough for me to see his style and character."
Chelsea heard Robinho's pleas and has offered a bid for the player -- but not for the $96 million that Real Madrid is reporting. Even with an offer on the table, Real Madrid is reluctant to sell Robinho until Ronaldo's services are secured.
For the time being, Robinho is staying away from the Spanish capital as he prepares for the Olympics.
Brazilian coach Dunga selected the player along with Ronaldinho as the overage participants on the U-23 roster.
If Robinho leaves for Chelsea, though, he will not attend the Games.
His agent explained, "Robinho wants to play the Olympics for Brazil, but he knows it is not a possibility if he moves to Chelsea. Right now, we are not thinking much about that, we are more worried with his future, where he is going to play next season."