Tottenham chairman Daniel Levy is prepared to sell Gareth Bale to Real Madrid - for £60 MILLION.

The Sunday Mirror says Real have already started work on a deal to sign Bale at the end of the season after making him their No.1 ­transfer target.

Real are understood to have drawn up an opening bid of £33m for Bale, but that falls well short of Levy's ­valuation.

A source revealed: "Real are prepared to push very hard for Gareth and there are not too many better players in the world than him right now."

Real may well try to top up their bid by offering Tottenham a number of players as part of a deal for Bale, with Portuguese ­left-back Fabio Coentrao a long-standing target of Spurs boss Andre ­Villas-Boas.