Real Madrid's squad of Galacticos have been given another reason to smile.

The likes of Cristiano Ronaldo, Gareth Bale and James Rodriguez have each been given a pretty expensive watch to celebrate Real Madrid's 2014, a year that saw that Spanish giants win the European Cup for the tenth time.

It turns out winning 'La Decima' is worth a €30,000 timepiece.

If the watch wasn't enough, the players also received £500,000 each after the Champions League final.

According to Marca, the gift has gone down pretty well in the dressing room:

"They have been treated to a Panerai Radiomir GMT Oro Rosso which features polished 18K red gold on the bezel, buckle and case, and an alligator skin strap, the price tag of which stands at around €30,000. Each one has been personalised, the sapphire crystal back inscribed with the player's name and 'UCL Champions 2014.

It is a gesture that has gone down very well in the dressing room, appealing to the team's general passion for watches, and is the latest example of Real Madrid's generosity following a big title win."

[via Bleacher Report