Gareth Bale is coming home. And not only that, but he will be joined by Real Madrid team-mate Sergio Reguilon too.
Talks over a double deal have ramped up in the last couple of days and the transfer negotiations have reached such a stage that Spurs are preparing to announce both deals before the end of this week.
football.london understands that the club will announce the transfers on Friday, ahead of this weekend’s Premier League game against Southampton.
Bale has been linked with a return to Tottenham almost every transfer window since leaving N17 to become the then most expensive player in the world in 2013.
Reguilon has also had suitors from other Premier League clubs, namely Chelsea and Manchester United, but it is Spurs who have won the race for his signature.
The 23-year-old will move to north London on a permanent deal, thought to be in the region of £27million, although Real Madrid have insisted on having a buy-back option in the deal.
Reports have suggested that buyback clause is for around £10million more than the initial fee, so £37million and football.london understands it will remain in place for two years.
Having buyback clauses in deals is not something Daniel Levy or the club like doing, but they were so intent on securing the services of one of Europe’s most promising full-backs that they accepted Real Madrid’s terms.
Bale, on the other hand, is a loan deal and there have been plenty of negotiations between the two clubs and Bale’s agent Jonathan Barnett over the terms of that loan.
His salary at the Bernabeu has always been the sticking point when it came to hopes of Bale returning to Tottenham, but the clubs have no come to an agreement whereby Los Blancos subsidise some of his wages during his loan spell.
That split is understood to be 60-40 in favour of Madrid, with Spurs paying 40% of his wages while on loan.
Could it really happen? Could Gareth Bale return to Tottenham?
It could happen Tottenham fans, football.london sources say the club are exploring a loan deal with Real Madrid.
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Tottenham are preparing to unveil both players on Friday, with the duo having completed MRI scans and the majority of their medicals in Spain.
Bale was at Real Madrid’s training ground on Thursday as the deal between the two clubs reaches its conclusion.
That is not likely to be the end of Tottenham’s transfer window business, with Jose Mourinho still focused on adding another striker to his ranks, while a new centre-back also remains a priority.