The agreement means no players coming from Real Madrid to Tottenham Hotspur as had been earlier discussed when inquiries were made about striker Álvaro Morata and left-back Fábio Coentrão.
The 24-year-old Spurs player is in Malaga, at David Manasseh’s villa, who is Bale’s and the Stellar Group representative.
The football star arrived in Spain on Saturday and spent the rest of the holiday behind the walls of the gated complex awaiting till the talks regarding the deal finished. The luxury complex was being staked out yesterday by the expectant Spanish media.
Bale is expected to fly to Madrid for a formal medical examination before signing the deal that is believed to be a six-year contract, worth £8.5 million a year before tax, and could also be unveiled at the Santiago Bernabéu Stadium on Tuesday.
According to various reports, a stage has already been erected on the eastern side of the stadium alongside the directors box.
By the way, the cash of the deal elipses the £80 million record that Cristiano Ronaldo demanded when he moved from Manchester United to Real Madrid four years ago although it falls short of the €120 million (£103 million) that Tottenham Hotspur were at one time quoting to let the 24-year-old go.
“Pérez responded by suggesting that €100 million was “a lot” for Bale but Spurs knew he was desperate to sign the player – and was under pressure to do so – despite having written to them this year saying an offer would not be made for now,” reports The Telegraph.
“Real have left the No 11 shirt vacant – and the Bale shirt has already apparently gone on sale in the club shop,” the publication adds.
Tottenham Spurs, however, have driven a hard bargain in terms of the payment as they hadn’t agreed with the initial conditions set by Real Madrid that supposed to cover the fee over the six-year duration of the contract.
Instead Bale’s current club had insisted on the three-stage payment – and have also offered the purhaser the carrot of receiving a significant discount on the total fee if they meet those payments early.
Meanwhile, reports are surfacing that claim Hotspur is thinking of adding another forward player, with Zenit St Petersburg’s Hulk on the condition that a fee of £30 million is agreed and the football lub have also reached agreement to acquire the 23-year-old Romanian international central defender Vlad Chiriches from Steaua Bucharest for about £8 million fee.
Tottenham Hotspur were determined that they would not allow the deal on the Bale transfer to reach its deadline day. The Wales international is believed to stay in Malaga when he is allowed time off but his flight on Saturday followed the agreement being reached.
Initial talks were foused solely on a cash price the Bale’s club decided that they want to explore the possibility of taking players from Real.
The club cited that an incredible sum of money in the bank was no good to them if they lose one of the team’s best players. However these talks broke down after Real’s valuation on their players – also including winger Ángel di Maria – was deemed too high.