Ronaldo joined Real in a £80million move from Manchester United earlier in the summer.
“Cristiano Ronaldo is the best player in the world and I am flattered he has noticed me,” Guti told TVE.
“This is one of the best squads I have been a part of, and we are ready to fight for three titles,” he added.
“I believe Madrid have a better squad than Barca. I would like to play the Champions League final at the Bernabeu, against Barcelona or whoever.”