Spurs chairman Daniel Levy set his terms for Welsh star.
Tottenham are ready to allow Gareth Bale to discuss terms with Real Madrid, provided they receive an offer of £85 million plus a player according to The Daily Mail.
Bale has been strongly linked with a move away from White Hart Lane this summer after Real Madrid made it clear they were interested in his services.
But Tottenham have been resolute in their determination to keep hold of the PFA Player of the Year.
Spurs are understood to have recently rejected a £85 million offer for the player, infuriating Bale who is keen to speak with the Spanish giants.
Bale believes he had an understanding with Spurs that they would allow him to leave if they received an unbelievable offer for him, and is angry that the club do not consider Real latest bid as within that category.
That has persuaded Levy to soften his stance a little, leading to the Spurs chairman to be ready to come to the negotiating table.
But he is set to demand that the Spanish giants pay £85 million as well as including one of their players in the deal.
The transfer, should it go ahead, would dwarf the previous world record, set when Madrid bought Cristiano Ronaldo from Manchester United for £80 million.