Manchester United launched a derisory offer for Gareth Bale of around £46m via the player's agent Jonathan Barnett, according to Spanish newspaper AS.
The Real Madrid player has emerged as a target for Louis van Gaal after falling out of favour with both the Bernabeu crowd and the local media.
Bale is thought to be ready to quit the Spanish capital this summer but Real Madrid are unwilling to sell him for any less than the £86m they paid Tottenham Hotspur in 2013.
But Manchester United are trying their best to get as much money shaved off that asking price as possible and were obviously hoping that Bale's poor form would convince Florentino Perez to cash in.
Barnett, who has recently claimed that Bale is happy in Madrid reportedly met the club president to discuss the Welshman's future at the club.
In that meeting, Perez was adamant that he did not want to sell Bale, at least for less than he paid for him.
Just to be sure, Barnett told Perez that Manchester United were willing to pay €65m (£46m) up front to sign Bale now. Such an offer was laughed out of the room.
Not only would Real Madrid not sell for that price, but they will be fully aware that there is more to come from Old Trafford.
The Red Devils are the one club who have more expendable cash than Real Madrid this summer and are expected to spend at least £150m this summer regardless of whether they sign Bale or not.
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