Tottenham chairman Daniel Levy is ready to offer the next manager the chance to sign permanently Gareth Bale.

The Daily Mail says Bale is due to return to Real Madrid next month when his current loan deal at Spurs expires but there is a growing feeling that a second loan deal would benefit the club during what is likely to be a season of transition.

There is also a feeling that another move for the Welshman would make financial sense given the costs attached to replacing him.

In tying up Bale's return last summer, Tottenham secured first option for a second season-long loan deal, meaning the London club can effectively extend the deal into next term on the same terms. Spurs are paying in the region of £240,000-per-week of his Real Madrid contract.

It is understood, however, that Spurs cannot simply activate the option and that such a deal would require Bale's agreement.