Gareth Bale
Gareth Bale\'s future is set to be decided in the coming weeks as Real madrid open negotiations with Tottenham. [Reuters]

Real Madrid president Florentino Perez is scheduled to meet Tottenham Hotspur chairman Daniel Levy later today in order to discuss a deal for Gareth Bale.

Spanish newspaper Marca reports that the two club officials will meet in Miami, where Madrid are based while on a tour of the United States, in order to negotiate a deal for Bale who is likely to move for a world record transfer fee if Spurs agree to let him move to the Spanish capital.

Bale has been linked with a possible switch to Madrid all summer but it is believed that this is the first time that Levy and Perez will have met in order to thrash out the details of the deal.

Levy is known as a shrewd negotiator, which Madrid know first-hand after working hard to convince the Spurs chairman to allow Luka Modric to leave White Hart lane last summer, but it seems he is finally prepared to discuss the possible sale of the club's star player.

The Telegraph report that Madrid are prepared to offer a staggering £104m in order to finally push through a deal, while they are prepared to offer a basic salary of around £150,000-a-week after tax.

Carlo Ancelotti's side are readying a six year deal that would see Bale earn just over £94m over the term of his contract.

Madrid are believed to have already had one offer already turned down and are aware that they will need to smash the world-record figure of £80m that they paid for Cristiano Ronaldo back in 2009.

Tottenham are now said to be ready to discuss selling their prized asset after months of speculation but it is likely that negotiations will still take some time as the north London club will be determined to get the best possible deal.

Madrid have openly discussed their pursuit of the 24 year old and Perez will be determined not to miss out on the player after seeing bitter rivals Barcelona capture Brazilian superstar Neymar.