The transfer has entered its decisive week, and sources close to Spurs who are involved in the negotiations have told AS that chairman Daniel Levy will accept to sell the player for €110m (£93.7m), which includes left-back Fabio Coentrao moving to White Hart Lane.
The same sources have told AS that one of the main problems in the deal is the €25m (£21.3m) valuation Madrid have made of Coentrao.
The Premier League side don’t value him at any more than €20m (£17m). Levy believes that he has already made enough concessions in accepting for Coentrao to enter into the operation.
In the end, Coentrao has been left as the only solution after Angel Di María, the other option Madrid were considering, refused to leave Los Blancos.
Madrid’s most recent bid was €85m (£72.4m), with Coentrao included in the offer.
Levy hopes that Madrid will start to increase their bid to €110m after 18 August, when both teams begin their respective league campaigns.
According to Tottenham’s demands, the offer will be €90m (£76.7m) up front, plus the Portuguese.
Tottenham are in no hurry to complete the deal. They know that once the competitive games begin, the pressure on Bale will increase and doubts will emerge about whether or not the transfer is going to finally happen or not.
But Tottenham have not given up entirely on holding onto the Welshman for one final season.
AS has learnt that, although Levy is currently in Florida, he is still speaking with the player in an attempt to offer him another improved contract, with the promise he will let him leave for Madrid next season.
This story was originally published on AS English. For the best sports news from Spain without picking up a dictionary, visit www.as.com/english