However, Los Blancos will still return next year to get their man.
Real Madrid have conceded defeat in their bid to sign coveted Tottenham Hotspur playmaker Gareth Bale this summer, reports Spanish sports daily Marca.
The Liga giants have been keeping close tabs on the Wales international for some time now, with a view to bringing the player to the Santiago Bernabeu when the summer transfer window reopened at the start of July.
However, those plans have since stalled, with Los Blancos president Florentino Perez having now reportedly admitted defeat in his long-running efforts to sign the 23-year-old, who netted an impressive 26 goals in only 44 matches in all competitions for the north London club last season, including 21 strikes in just 33 Premier League outings.
Madrid feel that an asking price of £100 million is just too steep to pay for the wide man and will now wait until next year before returning to London with a renewed bid to land Bale, with the Spanish giants said to be confident of getting their man in the summer of 2014.