The Daily Mail reported that an £86 million deal was being worked on late into Saturday night in an attempt to push the move through ahead of Madrid’s match against Athletic Bilbao, which kicks off at noon (11am UK time).
Sky Sports News also claimed that the deal will be concluded today. The 24-year-old Welshman will be presented to the fans on Monday, transfer deadline day.
It is expected that the deal will be announced on Sunday, with the 24-year-old Welshman presented to the fans on Monday, transfer deadline day.
The astronomical figure would be a world record, although conflicting reports in Saturday’s papers said the transfer would fall short of the £80m the Liga giants paid Manchester United for Cristiano Ronaldo in 2009.
The Mail story on Sunday read: “The deal is almost certain to see Tottenham receive the fee in three instalments spread over two years.
“Bale has felt frustrated as Tottenham’s brinkmanship has left him anxiously waiting to gain the move of a lifetime, while Spurs manager Andre Villas-Boas has spent £100m in the transfer window, with the cheques being written on the assumption that Bale would be sold.”
The report added that neither Spurs chairman Daniel Levy nor Madrid general manager Franco Baldini was in the Spanish capital for the final negotiations, with club lawyers concluding the agreement by fax.
Throughout the lengthy transfer negotiations between the two clubs, it had been reported that Tottenham were looking for a transfer fee of around £100m.
Spurs have already been busy spending the windfall from Bale’s transfer and on Friday broke their transfer record for the third time this summer with the signing of Roma’s Erik Lamela, as well as signing Christian Eriksen from Ajax and Vlad Chiriches from Steaua Bucharest.
The Argentina international has joined the club for a reported fee of £30 million – surpassing the £26m paid for Valencia striker Roberto Soldado and, before that, the £17m spent on Brazil midfielder Paulinho.
Eriksen signed for a reported fee of £11.5m and Chiriches for £8.5m.
Source- Eurosport Yahoo