The renewal of Rinaldo's contract by his Saudi club, Al Nassr didn't come as a surprise for me, because we all know the influence the presence of Ronaldo has in their league and the attraction it has gained since Ronaldo moved there. In as much as Ronaldo is still fit to play they will want to offer him more contract because right now it's like he's the face of the league. As for Alejandro Garnacho, I do agree, he's quite too young to play in the Saudi league.
So far there has been no official confirmation from Ronaldo or Al Nassr regarding the contract extension agreement, but many assume Ronaldo will stay. Ronaldo is part of the PIF project, which is trying to make the Saudi Pro League get the spotlight from various circles. We might never be interested in discussing the Saudi League if there was no Ronaldo, several former top European players who came later, also managed to increase the prestige of the Saudi League.
The next rumor about Ronaldo might be about his participation in the 2026 World Cup, which is still a big question mark until now.
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I just did my homework on this lately, and you're correct. The rumours of his contract being already renewed ain't true for now, but chances are high for the renewal to be feasible. Just as you agreed with my statement, Ronaldo has brought a lot of attractions to the Saudi Pro league and retaining him for the meantime would be a priority for them still. Considering Ronaldo's performance at the UEFA Nations League I think he could still play for Portugal in the 2026 world cup, which would be in last appearance in international games.