“Real Madrid and Tottenham have reached an agreement for the transfer of Gareth Bale,” confirmed a statement on the club’s website.
“The player will be tied to the club for the next six seasons.” Widespread reports have suggested that the move will make Bale the world’s most expensive player and Spurs boss Andre Villas-Boas said last week he expected his club to receive a world record fee for the player.
However, Madrid sports daily AS claimed on Friday that Real will pay 91 million euros ($121m, £78 million), three million less than Los Blancos paid for Cristiano Ronaldo back in 2009.
Bale will be presented to the media and the club's fans on Monday afternoon after undergoing a medical.
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