Real Madrid are favourites to sign Gareth Bale for a world record transfer, but reports suggest another club have entered the race to sign the Welsh International.

The club is believed to be Manchester United or Paris Saint-Germain, though Tottenham have refused to comment on the speculation.

Bale arrived in Spain over the weekend to complete his desired transfer to Real Madrid, but a move is yet to be confirmed.

Bale's move to the Spanish capital is expected to eclipse Cristiano Ronaldo's world record transfer of £80 million when he joined the Spanish giants in 2009 from Manchester United.

However, according to BBC, Tottenham will consider a rival bid to Real Madrid and will agree to sell the 24-year-old, should a fee be agreed between the clubs.

Sources in London claim that Manchester United have made a late approach to lure Bale to Old Trafford and are ready to meet the north London club's asking price.

The Premier League champions have informed Tottenham that they are prepared to sign the Welsh wizard for a world record transfer and are now considered as serious contenders to rival Madrid.

However, The Daily Star insist that the alternative club is French outfit Paris Saint-Germain, who were linked with a move for Bale in early days of the transfer window.

Meanwhile, Manchester United boss David Moyes refused to rule out a move for the Real Madrid target.

Speaking post-match following the 0-0 draw with Chelsea, Moyes said: "I said at the start when I got the job that Manchester United will always be interested in the best players and we're always looking to try to improve the team."

"The owners have given me every opportunity to bring in who I want and we'll continue to try and find those players. 

"It's been tough in this window but we're always looking at the best players," he added.

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