Atletico Madrid scored two goals in extra-time to beat Real Madrid 4-2 in the UEFA Super Cup.
Spain's taxman and Ronaldo's advisors made the deal to settle claims the 33-year-old, who has since moved to Italy's Juventus, hid income generated from image rights while he was playing for Real Madrid.
Italian football giants AC Milan will be the visitors to the Estadio Santiago Bernabeu on August 11.
Marco Asensio entered the game at the start of the second half and scored less than two minutes in before adding another in the 56th minute.
Juventus are strong favourites to further cement their domestic dominance following the Portuguese international's arrival, with the league's other big hitters in a transition period.
Cristiano Ronaldo, who will reside in Italy as a Juventus player, will not enter prison in exchange for pleading guilty to four cases of tax fraud.
This is the third edition of the Best FIFA awards following the end of a six-year merger between the FIFA honour and France Football's Ballon d'Or in 2016.
Cristiano Ronaldo was accused of consciously evading the tax of 12.1 million pounds on earnings he had generated out of his image rights between 2011 and 2014.
Cristiano Ronaldo was holidaying in Greece before his official unveiling as a Juventus player.
Neymar, who became the world's most expensive footballer last year after moving to PSG from Barcelona, has repeatedly been linked to a move to Real Madrid.
Cristiano Ronaldo said Monday that he's "different" from other players of his age who move to China or Qatar for mega-money deals, during an official unveiling as a Juventus player in which he said he wanted to help bring Champions League success to his new club.
Cristiano Ronaldo was his usual confident self during his official unveiling as a Juventus player in Turin.
Cristiano Ronaldo emerged from Juventus' medical centre to sign autographs and shake hands amid raucous chants of his name.
Hazard has been one of the players of the tournament as Belgium reached the semi-finals for the first time since 1986, before losing 1-0 to France.
Cristiano Ronaldo said his time in Madrid had been some of the happiest in his life.
Cristiano Ronaldo has opted to leave Spanish giants Real Madrid for Italian champions Juventus for the next chapter of one of the greatest careers the game has seen.
In a letter posted on Real Madrid's website, Cristiano Ronaldo said his time in Madrid had been one of the happiest in his life.
Reports suggest Real Madrid star Cristiano Ronaldo is on the brink of joining Italian giants Juventus on Friday.