Tottenham will reluctantly sell Gareth Bale to Real Madrid - but only if the Spanish giants agree to offer a world record fee plus Luka Modric.
Bale is believed to have informed Spurs about his desire to join Real Madrid this summer, but was left "distraught" after Spurs reportedly had a world record offer of £86 million turned down by chairman Daniel Levy.
Tottenham have been put under increasing pressure by Madrid to sell up, with a host of stars such as Zinedine Zidane and Iker Casillas speaking out about the Welshman's future.
Madrid's initial offer was believed to have included Fabio Coentrao and winger Angel di Maria, something Spurs and Levy were not interested in as they looked for a cash-only offer.
However now the Times claim they will consider a cash-plus-player bid, but only if that player is former Spurs star Luka Modric.
The Croatian left under a cloud after forcing his way out of White Hart Lane last summer and has struggled to establish himself in the Madrid first team.
Despite that, Modric is unlikely to agree to a return to Spurs, and is expected to stay put and challenge for a starting spot at the Bernabeu next season.
The Times also claim that could put them on a collision course with Manchester United, who are looking at a move for the diminutive midfielder should they fail with their bid to land Cesc Fabregas from Barcelona.
Real Madrid still have outstanding payments to make to Spurs over the transfer of Modric.