North London club had hoped to keep hold of the wide man for one more campaign in the capital.
Real Madrid president Florentino Perez has confirmed that the Spanish giants are ready to smash the current world transfer record in order to bring coveted Tottenham Hotspur midfield player Gareth Bale to the Santiago Bernebeu this summer, reports the Sun.
The highly-rated Wales international has been the subject of intense speculation of late linking the 23-year-old with a move to the Spanish capital when then summer transfer window finally opens once again for business on July 1.
However, there were doubts as to whether or not los Blancos would be prepared to meet the north London club’s whopping £85 million asking price for the wide man, who registered an eye-catching 26 goals in only 44 matches in all competitions at White Hart Lane last season, including 21 strikes in just 33 Premier League contests.
Perez, though, has now come out to publicly state that the Liga outfit would be prepared after all to meet Spurs’ valuation, telling Marca: “For those players and investments that generate and produce income, you can give everything in life.
“I showed in 2000 that with those players you change the dynamic and go from losing to winning.
“But we don’t speak of Bale so much because he plays at a friendly club to us and they will be annoyed if we speak. I know their chairman well and he doesn’t like these things.”