Cristiano Ronaldo has reportedly made a U-turn on his decision to leave Juventus this summer and is looking to extend his contract at the club.Elsewhere, former Juventus chief Fabio Paratici has given an update on the club's chances of landing Paul Pogba ahead of the 2021-22 season.With that being said, here are the latest transfer rumors surrounding Juventus on July 5th, 2021.Also Read: Fabrizio Romano's Transfer Roundup: Updates on Cristiano Ronaldo and Lionel Messi's futures, Arsenal active in the transfer market, and more.Cristiano Ronaldo negotiating contract extension with JuventusCristiano Ronaldo in action for JuventusCristiano Ronaldo is reportedly in talks to extend his contract at Juventus. The Portuguese superstar is in the final year of his current deal and has been widely expected to leave the club this summer.However, according to Gazzetta dello Sport, negotiations have begun between Juventus and Ronaldo's agent Jorge Mendes over a new two-year deal at the club.It remains to be seen whether Juventus will offer Cristiano Ronaldo a new contract this summer.🚨❗️Jorge Mendes will arrive at Milan this week. A meeting is scheduled with Juventus to discuss Cristiano Ronaldo’s future. [NicoSchira] pic.twitter.com/xZmVQjUnWv— The CR7 Timeline. (@TimelineCR7) July 5, 2021Fabio Paratici shares his thoughts on Juventus' Paul Pogba pursuitPogba spent 4 seasons at Juventus before re-joining Manchester United in 2016Former Juventus chief football officer Fabio Paratici has given his opinion on whether the club will be able to lure Paul Pogba from Manchester United this summer.Speaking to Sky Sports, Paratici claimed:"Paul Pogba back to Juventus? I think it is very difficult. There has never been a moment in which we have been close to taking him back."Juventus have long been linked with a move for the midfielder, but bringing Pogba back to Turin this summer seems unlikely.Juventus boss Allegri has informed the club of his desire to re-sign Paul Pogba from #mufc, with his contract expiring in 2022. [90 Min]— The United Stand (@UnitedStandMUFC) July 4, 2021Juan Cuadrado close to contract extensionJuan Cuadrado in action for JuventusColombian superstar Juan Cuadrado is reportedly nearing an agreement to extend his contract at Juventus. He is currently in the final year of his deal with the Italian giants.According to Il Bianconero, Cuadrado has been offered a new two-year deal, which he will sign upon returning from his break after the conclusion of the Copa America 2021. New Juventus boss Massimiliano Allegri reportedly sees the Colombian as an essential part of his plans for the futureCuadrado's Colombia are set to take on Argentina in the semi-finals of the Copa America on Wednesday.Also Read: Jim Beglin's column - Euro 2020: 5 players who have surprised everyone with their performances