Florentino Perez added more fuel to the speculation linking the PFA Player of the Year with a move to the Spanish giants saying the Liga runners-up "like" the Welshman's profile
Various reports suggest the Liga runners-up are readying a mega-money offer to lure the Welshman out of White Hart Lane in a deal which could potentially match their £80 million capture of Cristiano Ronaldo.
Spurs are hopeful of hanging on to the Footballer of the Year, though, and are said to be ready to offer the 23-year-old a new and improved contract to convince him to stay put.
"He's one of the big players out there in Europe and Real Madrid always likes big players," Perez told Punto Pelota.
"I met Tottenham chairman Levy last year and he has an obligation to defend their interests.
"Regarding the figures spoken about Bale, players are neither cheap nor expensive, but an investment. Most expensive players are those that can be classified as an investment because, if they are very good, they produce a return."Los Blancos have also been linked to Malaga midfielder Isco, who is believed to be following ex-manager Manuel Pellegrini to Manchester City. Perez confirmed there have been no discussions over the Spanish attacker.
"Isco's father was in the club's offices recently, accompanying a representative of Malaga," continued Perez. "I had to do some business related to La Liga. We have not spoken to him or Malaga."