The Gareth Bale transfer saga finally seems to be nearing the end of the winding tunnel as Tottenham have reportedly agreed to let the Welsh star join Real Madrid after chairman Daniel Levy gave his green light on a new world record £93 million bid.
According to Sky Italia, Levy has finally decided to accept Madrid's offer in spite of it falling below the £100 million he was demanding for his most valuable asset. Madrid can now go ahead with contract negotiations with the player.
Reports also claim Madrid's Portuguese left-back Fabio Coentrao would be moving in the opposite direction to Bale to join up with Tottenham, whom the English club value at around £7million, bringing the total value of the ultimate transaction between the two clubs to £100 million.
The Bale deal had gone quiet for the last couple of days with Levy maintaining complete silence on what action he would take after Madrid and Bale had done all they could possibly do to realise the deal.
The La Liga giants had previously seen their £85 million bid for the player rejected by Spurs with Levy holding out for a much higher fee to part ways with Bale, possibly in order to have as much fund as possible for the arrival of their own targets after the departure of the flying Welshman from White Hart Lane.
Tottenham have already forked out around £60 million to bring in Roberto Soldado, Nacer Chadli, Paulinho and Etienne Capoue this summer but manager Andre Villas-Boas is keen to make further additions to the squad.
The club is on the verge of pipping Liverpool to the signature of Anzhi Makhachkhala's Willian in a £30 million deal after the Brazilian reportedly arrived in London on Tuesday for a medical with the club.
The English side is also close to the signing of Bale's replacement, 21-year-old Argentine Erik Lamela with Roma chief Walter Sabbatini reportedly in London to trash out a deal with Spurs technical director Franco Baldini for the talented forward.
Along with Lamela, Tottenham are also interested in bringing in playmaker Miralem Pjanic from the Italian side as they prepare for life without the services of Bale who had single-handedly won them matches on several occasions last season.
Lamela is valued at around £30 million whereas Pjanic could cost the Premier League side around £15 million.
Write for GiveMeSport! Sign-up to the GMS Writing Academy here: http://gms.to/130seMa
DISCLAIMER: This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.