Ramon Calderon has reacted to the US$96 million bid for Robinho by claiming the Brazil striker is worth more than that.

Reports suggested Chelsea have offered that amount for the 24-year-old forward - something the Premier League club denied - while it has also been mooted Robinho could be included in a deal to try to bring Manchester United winger Cristiano Ronaldo to the Bernabeu.

But when quizzed about the player's situation and the supposed big-money offer for his services, Real Madrid president Calderon said: "I think he is worth more then 60 million (US$96 million)."

"There is nothing new on the subject of Robinho because the player is not unhappy with the club."

Calderon was also asked about how much the Spanish champions would be willing to pay for United ace Ronaldo.

It has been claimed in the media that Madrid would be willing to splash out up to US$159 million on the 23-year-old, smashing the current world record transfer fee, but Calderon continued to insist the matter was out of their hands.

"We cannot pay anything because he is a player who is not for sale," Calderon was quoted as saying by Spanish media.

"It is not a matter for Real Madrid but for Manchester (United) and the player. If he wants to go, then we will be alert as long as it's for a reasonable price."