Real Madrid remain keen to complete a deal for the Welsh winger, with a world-record transfer of £86 million in the offing - eclipsing the £80 million Los Blancos paid Manchester United to bring Cristiano Ronaldo to the Bernabeu.
And with three days to go until the transfer window closes, Bale's future remains unclear, with Spurs dragging their heels over the deal and with the 24-year-old in limbo, having refused to return to training with his Tottenham teammates.
It's not inconceivable that Bale will remain at White Hart Lane either, with Tottenham officials reportedly unhappy with Real Madrid's handling of the transfer, though the north London club are keen to recoup some of the £60 million spent on their own summer spending spree - a figure that is likely to increase with the captures of Vlad Chiriches, Erik Lamela and Christian Eriksen.
Whatever happens, Friedel - who admits he has no knowledge of where the Bale deal is at - believes that Spurs are the big winners and they can't lose out.
The American goalkeeper told the Alan Brazil Sports Breakfast: "In any job, if you know a person is a good lad and they have a great opportunity, most people would welcome that [and wish them well]. But he has a great opportunity here as well. He’s in a win-win situation."
The media have been following the Bale saga throughout the summer, though Friedel insists that he and his Tottenham teammates are completely in the dark regarding Real Madrid's move for the player.
"I don’t take any notice of the speculation," he added. "There is always so much of it I don’t take any notice until a player walks out or walks in.
"We don’t all sit there watching Sky Sports News all day. We have jobs to do and games to win. It really isn’t that big of an issue for the players, more so for the board and the staff."