Levy and Perez agree terms after talks in Madrid.
Another day, another Gareth Bale “exclusive”.
The Daily Mail allege that a Tottenham have finally agreed a world record £86m deal with Real Madrid to take Bale to the Spanish capital.
Spurs chairman Daniel Levy reportedly signed off the agreement on Sunday evening after talks with the club’s directors.
It follows a trip to Spain with Bale’s agent, Jonathan Barnett, and Spurs director of football, Franco Baldini, where the trio held direct talks with Real president Florentino Perez.
Levy and Perez are still yet to sign a formal document but this final stage is seen as a formality.
The newspaper claims Levy has agreed to a series of discounts if Real can accelerate the stage payments discussed during the meeting.
Real could slash the final price by around ten per cent if they are ahead of schedule with their installments.
Bale, meanwhile, is set to earn £300,000-a-week at the Santiago Bernabeu.