The Sun says Levy is demanding a world-record fee for the flying 23-year-old. And he hopes the mind-boggling sum will frighten off the chasing pack, which includes Bayern Munich, Real Madrid and Paris Saint-Germain.
Failure to land a lucrative Champions League spot for next season, however, could force him to change his mind.
Bale returns from an ankle injury today as Spurs host Manchester City in a must-win game for the Londoners.
Will Bale be in a Spurs shirt next season? Should he stay? Give us your shout below...