The Tottenham star is attracting interest from Manchester United, Manchester City and Chelsea, while Paris Saint-Germain are also in a position to move for the winger.
The fact that all five clubs are able to spend big could mean that although Spurs chairman Daniel Levy is ‘fighting a losing battle’ to keep Bale, he will be able to command a huge fee for the 23-year-old, with the bidding war could drive the price up to around £80m.
Real Madrid, who are looking to respond to Barcelona’s signing of Neymar, are currently in pole position, particularly with Spurs keener to sell abroad than to direct rivals, and the paper quotes Bale’s agent Jonathan Barnett talking about what an ‘honour’ it would be if the Spanish giants moved for him.
The Daily Star goes a step further and says that Real Madrid have even set a deadline for the completion of the deal – June 15.
They also suggest the fee might be some way lower – at more like the £60m mark.
The deal would not put them off a move for Luis Suarez, either, because with the anticipated sales of Angel di Maria (Monaco, £24m), and Gonzalo Higuain (Juventus, £21m), the Madrid club would have plenty of money in the coffers.
Tottenham may already be planning how to spend the Bale millions, if The Sun is to be believed. The paper reports that the North Londoners will commit £30m to landing strikers David Villa and Leandro Damiao in a bid to completely overhaul their strikeforce.
Levy is trying to negotiate a fee of £8m plus add-ons for Villa, and a bid closer to £20m for Damiao after a £16m offer was turned down in January.
But elsewhere Bale’s is not the only transfer which could see the two Manchester clubs go head-to-head, if the back pages are to be believed.
City are expected to join the chase for Barcelona midfielder Cesc Fabregas, according to the Daily Mail.
United were the first team to express an interest in bringing the former Arsenal man back, but with Manuel Pellegrini set to arrive at City and bring Liga talent with him, Fabregas will have the choice of both Manchester clubs.
United’s alternatives in central midfield include Thiago Alcantara, also of Barcelona, and Kevin Strootman, the Netherlands international currently at PSV.
City, meanwhile, are also looking at Isco of Malaga and Jesus Navas of Sevilla.
The Daily Express take a look at another big-money transfer that could pit two clubs against one another – Arsenal and Chelsea are both apparently keen on £25m Montengrin forward Stevan Jovetic.
Arsenal have been tracking the Fiorentina man for some time, but Chelsea’s interest is newer and reflects the fact that they have ruled Napoli striker Edinson Cavani too expensive at £52m (along with wages of £250,000 a week).
And finally, in a couple of interesting lines – Carlos Tevez’s exit from Manchester City is not yet assured, say The Guardian, with the Argentine waiting to see if he is offered a new deal. The 29-year-old currently has just one year remaining on his current contract.
And as Roberto Martinez moves closer to the Everton job, Owen Coyle and Stuart Pearce are the leading names in the frame for his current position at Wigan (Mirror).