The Real Madrid forward is rumoured to have informed his club side that he wants to leave this summer due to a lack of protection when being accused of defrauding Spanish authorities of £13m in unpaid taxes.
Ronaldo has done little to quash suggestions in the British press that a move to Manchester United is on his mind, constantly refusing to answer questions on his future, and Meireles believes that a return to English football would suit him perfectly.
"Yes of course [he could return to the Premier League]," he told Sky Sports News. "He was very successful in the Premier League so I think that if he does not want to stay at Real Madrid, or he wants to leave, then the Premier League is the right place for him to be.
"He played before at Manchester United, so it could be them, but I think any team... Chelsea? I do not know, but he can play for any team in the Premier League."
Ronaldo, the scorer of 406 goals in 394 appearances for Madrid since joining in 2009, is currently competing for Portugal at the Confederations Cup in Russia.