Spurs could allow Bale to move to the Sanitago Bernabeu in return for Los Blancos forward.
Real Madrid are hopeful of persuading Tottenham Hotspur to part company with flying winger Gareth Bale at the end of the season by offering the North London club promising young front man Jose Callejon in part exchange, says the Daily Mirror.
The Wales international has been in blistering form for Tottenham so far this campaign, scoring 18 goals in only 28 top-flight appearances for Andre Villas-Boas’s high-flying team, and 23 strikes in just 39 matches in all competitions as well.
As a result, the 23-year-old has been linked with a whole host of big-name clubs on the Continent of late, despite the fact that Bale only signed a new long-term deal with Spurs last year that ties the player to the White Hart Lane club until May 2016.
However, La Liga giants Madrid are reportedly keen to include coveted attacker Callejon as part of a possible summer deal, with the 26-year-old valued by the capital club at around the £9 million mark.
Spain Under-21 international Callejon has generally been used as a bit-part player under Real manager Jose Mourinho, making 75 appearances in all competitions in the past two seasons, scoring 18 times as well as laying on six goals for team-mates.
But, whether Spurs boss Villas-Boas wants the young Spaniard at the Lane next season is another matter entirely.