According to The Metro, Real Madrid are considering a sale at the end of the season with Chelsea and Manchester United both reportedly prepared to spend up to £90m to bring him back to the Premier League.
It's unclear why Real Madrid would even entertain the notion of selling the 25-year-old Wales international, as he has lived up to the hype since his move to the Bernabeu.
Bale's agent recently looked to put an end to the speculation by insisting that Bale is happy in the Spanish capital and will not be looking to move to England in the near future.
But The Metro claim that Bale is being marginalised at the Bernabeu with Isco recently replacing him in the first-team.
- Man United eye up £90m Gareth Bale deal
- The latest GiveMeSport news on Gareth Bale
- Gareth Bale could be allowed to leave Gareth Bale
The Spanish international has taken on a bigger role in the starting lineup this season and he remains a huge fan favourite with the Madridistas.
Real Madrid in La Liga
Real Madrid are top of La Liga as it stands, with nine wins from their opening 11 games including six straight victories. Bale has battled injury in his second season but has still managed five goals and three assists in eight appearances.
Although Real Madrid plainly have no intention of losing one of their marquee players anytime soon, should he decide to leave the Spanish giants then Chelsea and Manchester United would certainly be candidates.
Manchester United have been the club most often linked with the Welshman, and they reportedly tried to sign him from Spurs before Real Madrid swooped having also scouted him while he was at Southampton.
As for Chelsea, they recently declared an £18m profit and definitely have the funds to make an offer for the 25-year-old. But they already have plenty of options in the attacking midfield area.
Having said that, it's difficult to think of any club that would turn down the opportunity to sign a player like Bale should he become available.