Paris Saint-Germain star Neymar has been continually linked with a move to Real Madrid, as Zinedine Zidane seeks to overhaul his squad following a disappointing campaign in La Liga.
Karim Benzema could be sacrificed in order for a summer deal to take place.
As far as Ronaldo is concerned, the Portuguese superstar is in devastating form and hit four goals in the 6-3 win over Girona in La Liga on Sunday.
Although a move for Neymar could hit a snag, Balague reckons Real would have to change their wage structure to accommodate him and Ronaldo.
“The only problem with this potential transfer is the small matter of wages,” Balague told Sky Sports.
“Cristiano earns £18 million net and that’s soon to increase to £22m with bonuses.
“Neymar earns a staggering £31m net at PSG, so Real Madrid will need to sort that out, perhaps by bringing Ronaldo’s wages up to £26m (€30m) and asking Neymar to reduce his wage.
“It remains to be seen if they work that out, but at this stage we have to take note of PSG’s stance that Neymar, who has no buy-out clause, will not be leaving the Parc des Princes.
“That being said, Barcelona towed the same line until they realised it was too late.”
Real Madrid’s best chance of silverware lies with the Champions League as they are 15 points behind Barcelona in La Liga.