Ronaldo has departed the Bernabeu after nine years at Real and is signing for Juventus.
The Old Lady announced on Tuesday evening that they had agreed an £88m (€100m) deal with Madrid to sign the Portugal star.
And Ronaldo is putting pen to paper on a contract which will tie him down until the summer of 2022.
That’s after almost a decade at the Bernabeu, having previously played for Manchester United.
And Del Bosque, who was Real’s manager from 1999 to 2003, believes the 33-year-old will always be remembered for his time in the Spanish capital.
Ronaldo has given Real Madrid the best years of his life, I don't doubt that," Del Bosque said.
"He's earned the respect of the entire world. Sooner or later this moment could come.
"In football one person leaves and another arrives."
And Ronaldo has revealed his reasons for leaving Real, saying: “These years in Real Madrid, and in this city of Madrid, have been possibly the happiest of my life.have feelings of enormous gratitude for this club, for this hobby and for this city. I can only thank all of them for the love and affection I have received.
“However, I believe that the time has come to open a new stage in my life and that is why I have asked the club to accept transferring me. I feel that way and I ask everyone, and especially our followers, to please understand me.
“They have been absolutely wonderful for 9 years. They have been 9 unique years. It has been an exciting time for me, full of consideration but also hard because Real Madrid is of a very high demand, but I know very well that I will never forget that I have enjoyed football here in a unique way.”