The Sunday Mirror is reporting that Red Devils have halved their valuation of the Wales international since the summer.
The same articles goes to claim that Bale’s persistent injury problems have forced Manchester United to reconsider their position on the 28-year-old.
According to the same story, Manchester United would be willing to cough up a fee in the region of £40m and £60m for the former Tottenham Hotspur winger.
Indeed, the Red Devils believe Bale’s valuation is identical to Spain international David De Gea.
Bale, whose current deal will run until 2022, was linked with a move to Manchester United in the summer transfer window but a deal failed to materialise.
The three-time Champions League winner has scored three goals and has made three assists in seven appearances in all competitions.
Real Madrid signed Bale in a then world-record £85.3m deal from Tottenham in the 2013 summer transfer window.
The Welsh forward has netted 70 times in 160 appearances in all competitions during a four-season stay in the Spanish capital.
Bale has won La Liga, Cope del Rey and three Champions League titles during a decorated spell at los Blancos.
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