Real Madrid's players have all reportedly been given a free £24,000 watch for winning the club's 10th European trophy last season.
Carlo Ancelotti's side clinched La Decima in Lisbon in May following a 4-1 triumph over local rivals Atletico Madrid in the Champions League final.
According to Marca, after each player was rewarded with a £392,000 bonus for winning the trophy, they were also given Panerai Radiomir GMT Oro Rosso watches, which have a strap made out of alligator skin.
The players, who have set a new club record by winning 16 consecutive games this season, were recently given free Audi cars as part of the manufacturer's sponsorship deal with the Spanish club.