Tottenham chairman Daniel Levy will demand huge money for Gareth Bale when he chooses to leave White Hart Lane.

Bale declared yesterday he was ready to test himself in Spain, where Real Madrid and Barcelona are keen.

The Telegraph says it is significant, though, that Bale signed a four-year deal during the summer that tied him to the club until 2016 on £75,000 a week.

That would place Tottenham in a strong negotiating position if Bale did decide to leave and serious offers were made by Barcelona or Real Madrid.

With Spurs having successfully held out for £30 million for Luka Modric last summer, it is difficult to imagine Levy even considering any offers below £40 million for Bale. The Spanish clubs can take heart, however, from that fact that Levy has shown that he is willing to sell a star player if the money is right.