Tottenham boss Andre Vilas-Boas insists Gareth Bale is not on his way to Real Madrid.
Real are being linked with a £33 million bid for Bale in the Spanish press this week.
But the Portuguese coach insisted: "I have no concerns at all about the possibility of Bale going in January.
"It's very difficult because in England there are no release clauses and a player of this dimension has a market value that is not obtainable to most of the clubs."