Real Madrid will make a £45 million offer for Gareth Bale in the summer, but club president Florentino Perez is unwilling to spend a penny more for the Welshman, according to the Daily Mirror.

The Spanish giants have made the winger their number one transfer target this summer, but they can expect to be knocked back in their advances, especially at that valuation.

Tottenham chairman Daniel Levy has made it quite clear recently that the club have absolutely no intentions of selling their prized asset, as evidenced by the fact they recently slapped a £100 million price tag on his head.

Perez is prepared to offer a straight £45 million cash deal or a player-plus-cash deal, which could include either striker Gonzalo Higuain or winger Angel Di Maria.

But that still falls way short of Levy’s valuation of the winger, who is one of the front runners for this season’s PFA Player of the Year Award.

Bale signed a new deal worth £75,000-per-week to keep him at White Hart Lane until 2016 only last summer, and the club are insistent that the player wants to stay.

Tottenham say he is settled in London and with Spurs still in with a chance of securing Champions League qualification this season, has no intentions of quitting the club.

That means Real are unlikely to land their number one transfer target – this season at least – and may now move on to plan B, Napoli striker Edinson Cavani.

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This article was first posted on April 24, 2013