The Silicon Valley-based company wants to run a 13-episode series on its Facebook Watch video platform, looking at the life of the Real Madrid star.
Ronaldo, 33, could net up to $10 million for the series, according to Variety.
Portuguese striker Ronaldo is one of sport’s most marketable stars, and has more than 120 million followers on the social media platform.
He earns a reported $47 million a year in endorsements in addition to a salary and winnings of $61 million, according to Forbes.
The five-time Ballon d’Or winner is currently the discussion of intense transfer speculation, with reports linking him to a $116 million move from Real Madrid to Italian giants Juventus.
He has been at Real since 2009, during which time he has won the Champions League four times – in additional to another winner’s medal from his time at Manchester United – as well as two La Liga titles.
He is the Madrid club’s all-time top scorer on 451 goals, and recently became the top European international scorer of all time when he netted his 85th goal for Portugal at the World Cup in Russia.
READ MORE: Ronaldo leaves Russia with a smile & praise as Portugal fly home from World Cup (VIDEO, PHOTO)
Facebook has already run a docu-series on American football legend Tom Brady, titled ‘Tom vs. Time’, in which the new England Patriots quarterback gives insights into his life on and off the field.