"He wants to match his wages to that of Lionel Messi," Balague told Sky Sports while discussing Ronaldo’s future.
"Messi is on about €50m (£44m) net and Cristiano earns around €23m (£20m). Even Neymar is earning more.
"Cristiano wants Real to pay €50m net which they won't. Nobody else will.
"The link to Manchester United is not going far, they do not want him. But, they don't want to say they're not interested.
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Manchester United do not want Real Madrid star Cristiano Ronaldo, according to Guillem Balague
Mascot children MOCK Messi making Ronaldo and Bale laugh
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Real Madrid star Cristiano Ronaldo has endured a difficult campaign by his high standards
"They don't want to be seen as a club not interested in buying the best players in the world. In any case, they don't see this as a feasible financial or sporting deal and don't think they can get enough from it.
"So, Manchester United are not in the equation. PSG are not that interested either. Florentino Perez would want a swap deal with Neymar but PSG are not interested.
"That means Real Madrid will eventually - perhaps at the end of the season - say: 'OK, instead of €23m we'll pay you €30m net and that will keep Cristiano happy'.
"His complaints are of course not just about money - he wants to be treated specially. And at this point, he still deserves to be the king of Real Madrid."