Spurs demand Spain prodigy and a world record transfer fee for Bale.
Tottenham have told Real Madrid it will cost €100m (£86m) plus Alvaro Morata to land Gareth Bale this summer, according to The Guardian.
The North London outfit have reportedly rebuffed Real’s opening bid of £86m cash, which alone would break the world record transfer fee, and are unmoved by the La Liga club’s offer of Fabio Coentrao and Angel Di Maria as makeweights.
Bale, who has signalled his desire to join Real, has three years remaining on his current deal at White Hart Lane and Spurs will only sell on their terms, which include highly-rated Spanish under-21 striker Morata.
The 20-year-old finished the recent under-21 European Championship as top scorer and is viewed as a future Spain number nine by senior figures inside the Bernabeu.
Los Blancos are unwilling to lose Morata, who has been earmarked for a senior role this season by new head-coach Carlo Ancelotti, following the departure of Gonzalo Higuain.
But such is Real’s desperation to land Bale, a dramatic swap deal, which would take the overall value of the bid to above £100m, could yet take place.