The transfer would stand entirely independent of any Gareth Bale deal.
Not only that, but the papers claim that the move would have nothing to do with any hypothetical transfer of Gareth Bale in the opposite direction.
It had been widely reported that Madrid were offering Coentrao as a makeweight in their early offers for Bale, which Tottenham chairman Daniel Levy repeatedly refuted.
With Steven Caulker having recently traded North London for Cardiff and young left-back Danny Rose still uncertain of his future, Coentrao could provide some excellent cover for the Spurs defensive line, particularly with Benoit Assou-Ekotto’s injury troubles during the 2012-13 season. It goes without saying that Coentrao, a 36-time Portugese international, is also of a strong enough standard to push Assou-Ekotto for a starting spot.
The fee for the transfer seems incredibly cheap at £13m, with Madrid having previously slapped a £20m price tag on him at the start of this transfer window, but with Coentrao unhappy with the amount of game time he received last season and new manager Carlo Ancelotti doing nothing to reassure him of his squad status, he could well go on the cheap.