The 23-year-old scored 31 goals for club and country last season and was rewarded with the PFA, Football Writers’ and Premier League Player of the Year awards.
And Jonathan Barnett, chairman of Stellar Group which represents Bale, insists the Wales star would command a higher transfer fee than the £50m Barcelona agreed in a complex deal to beat Real to the signing of Brazil forward Neymar, and the same figure Chelsea paid Liverpool for Fernando Torres in January 2011.
“Gareth Bale is better than Neymar,” said Barnett. “He’s proved himself in the best league in the world. Whatever Neymar cost, Gareth Bale is worth more.
“If somebody like [Real president Florentino] Perez was interested in Gareth Bale it would be a great honour and we would listen.”
Tottenham chairman Daniel Levy is expected to offer Bale improved terms on his current deal, which is thought to be worth £75,000 per week and expires in 2016, in order to convince his prize asset to prolong his stay at White Hart Lane.
However, Barnett revealed negotiations between club and player were yet to begin.
“We haven’t spoken with anybody,” he said. “I don’t know if there has been a bid, but what I do know is that the player has three years left on his contract.
“His contract is with Tottenham. We aren’t free to talk with anybody at the moment.”