Marca says Levy is furious Real have returned to Spurs for Bale just a year after bitter negotiations over the sale of Luka Modric.
The club chairman is fed-up and has set Bale's €145 million price out of spite and anger.
It's claimed Bale has decided he wants the move to happen and will not play for Spurs again in preseason. A friendly in London this weekend against AS Monaco could be the breaking point for all parties involved.
Bale hopes Spurs will have accepted Real's offer by then and he is allowed to fly to the US to join his new teammates.