Mijatovic said the Spanish giants were looking at Ronaldo to become the new ‘face’ of the club, in a similar way to former France playmaker Zinedine Zidane did during his time at Madrid.
Mijatovic has made no secret of his admiration for the 23-year-old Portugal international, but admits there is no chance of taking him to the Bernabeu any time soon.
“Right now it is impossible to sign Cristiano Ronaldo. Who would not like to have him in their team? But we need to be realistic because his would be a very difficult signing,” said Mijatovic.
“There has been talk about lots of things that have nothing to do with reality. They have also said I have been seen with Carlos Queiroz and it is not true,” the former Madrid striker added in Marca.
Meanwhile, United legend Denis Law insists Ronaldo must remain at Old Trafford – whatever the cost.
United have warned that even a £96m offer would not convince them to sell amid speculation he may soon be offered a new contract worth £150,000 a week.
Ronaldo’s existing deal expires in 2012 but the Premier League champions are desperate to keep him out of the clutches of big-spending Spanish and Italian clubs.
And Law, who scored 236 goals in 409 appearances for United between 1962-1973, insists they must be willing to break the bank if that what it takes to keep him.
“If you’ve got a player in his category than money doesn’t come into it,” he said.
“If United don’t give him a new contract, other clubs will get him. You need to keep the best players. I heard (assistant manager) Carlos Queiroz say they wouldn’t sell him for £96m. That’s a good tactic. Players of that quality are few and far between.
“Figures don’t mean anything if the players are better than the others in your team. Alex Ferguson won’t be selling him.”
With Ronaldo plundering goals at will, Law will surely see his United record of 40 strikes in a season surpassed. The 23-year-old, who last month eclipsed George Best’s record of 32 for goals by a winger in one campaign, has as many as seven games left to usurp the former Scotland striker.
Law has little hope that it will remain intact at the end of the campaign and admits he will feel a pang of sorrow at seeing his mark overtaken
But he is full of admiration for a player who he compares to his former United team-mate Best.
“It will be sad but records are there to be broken. The way Cristiano is playing I’d say that’s fairly certain,” he said.
“United can do a Premiership and Champions League double this season and Ronaldo is a very important part of the team.
“George Best was similarly prolific. They both have skill in abundance so it’s very difficult to judge who is better. Who’d like to say? They’re both terrific players.”