The Spanish giants have been openly courting the Spurs star all summer, and are ready to submit a £51m cash plus Angel Di Maria and Fabio Coentrao in a move that would be worth just below £100m.
Tottenham chief Daniel Levy has already knocked back an £81m offer from Los Blancos, but this has only served to increase their determination to secure their main target.
According to some reports, Bale is keen to swap London for Madrid, which may force Spurs to sell.
The Bernabeu side are convinced that if suitable replacement players are offered, Levy would consider, what would surely be, the biggest transfer of the summer.
Di Maria is seen as a like-for-like alternative by Real, due to his ability to operate from out wide or just behind the main striker.
But, they are willing to supplement the £51m cash offer further by offering Coentrao, who is comfortable at either left-back or further up the field on the same wing.
It’s unclear as to whether Tottenham will consider the bid, but if Bale openly pursues a move it may force their hand.
Tottenham fans, can you really turn down this offer for Gareth Bale?
Comment below to have your say!