Madrid are prepared to offer £30m and Luka Modric in an attempt to land the sought-after Welshman.
The Spanish champions have been interested in Bale all season and are ready to make a formal bid for the winger, and are hopeful that if they offer ex-Spurs man Modric, Tottenham chairman Daniel Levy may reluctantly let his most prized asset go.
Modric left Spurs in the summer of 2012 for £33m, but he has failed to make an impact since joining Jose Mourinho's side, however he did score a blinder in the recent Champions League tie against Manchester United at Old Trafford.
Modric frequently returns home to London to see the family that he has left behind, and Tottenham boss Andre Villas-Boas is a massive fan of the Croatian playmaker.
Levy once said that they wouldn't accept anything under £50m for Gareth Bale, but it's unclear whether he would accept £30m plus Luka Modric.
Real Madrid are nervously awaiting the news to see whether or not Cristiano Ronaldo will stay at the club, but they believe if he does leave, Bale is the man to replace him.
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