Real Madrid have been warned they could miss out on Gareth Bale if they fail to sign the Tottenham star this summer.Punto Pelota says Spurs chairman Daniel Levy has slapped a €100 million price-tag on his star Welshman and won't budge over his asking price.

Real president Florentino Perez is reluctant to meet Levy's valuation, though this summer window could be his best chance to land Bale.

Bale would welcome a move to Madrid, but isn't panicking as he knows Manchester United are also keen.

If Florentino fails to match Spurs' asking price, Bale is happy to play next season with the Londoners and should they fail to qualify for the Champions League, will happily welcome a counter offer from United for season 2014/15.