Carlo Ancelotti has begun work as Madrid's new manager, and is thought to be prioritising a summer move for Spurs flyer Bale.
Despite Tottenham boss Andre Villas-Boas' continued insistence that the 23-year-old will not be allowed to leave, Madrid are set to press again for Bale's signature.
Reports in Spain suggest that Bale's agent Jonathan Barnett has been in Madrid this week, having previously declared his client's interest in joining the La Liga giants.
Barnett is said to have told Madrid chiefs that Bale is 'delighted' at the prospect of signing for the Spanish club, and even showed general manager Jose Angel Sanchez a picture of a young Bale wearing a Real shirt.
Tottenham could be tempted to accept a players-plus-cash deal if they were to allow Bale to move to the Spanish capital, with Arsenal target Gonzalo Higuain, Fabio Coentrao and Angel Di Mario all mooted as potential makeweights in the deal.
Bale is set to have the last word over the transfer saga of the summer though, with the former Southampton prodigy yet to declare his decision.
I am beginning to think the Daily Mail would love nothing more than for Bale to leave Tottenham, how disappointing for them
Of course they do, it sells newspapers... no one wants to read Bale stays put (except us).
Plus I really believe there is a media agenda whereby the top players are only allowed to play for 4 or 5 teams worldwide and if not then they get uppity!
Sounds to me Bale is about to do us a Modriç.
His agent clearly wants his commission for getting bale a move. He's practically begging real to make an offer.
Wouldn't he make a hell of a lot more off of a £80 +m transfer than a contract extensionhe'll get commission when he signs a new deal with us
Wouldn't he make a hell of a lot more off of a £80 +m transfer than a contract extension