The deal would make sense for both clubs as Daniel Levy attempts to find a marquee signing to heighten the clubs status as Spurs move into their new state of the art stadium next season.
Bale may also be facing the axe from 12-time Champions League winners Real Madrid due to the La Liga side’s growing impatience with the Welsh winger.
While Bale’s extraordinary talents have been underappreciated in Spain for the last two seasons, a return to the club that defined him as one of the world’s best may just be the revival the former Spurs hero needs.
Madrid have struggled to keep the pace in the league domestically this season, surrendering to bitter rivals Barcelona, having fallen 18-points behind the newly crowned champions.
The gap in La Liga has led to fans demand a reshuffle of the squad and, despite making the Champions League final for the third year running, supporters will feel the season has been underwhelming by their high standards.
Bale joined Los Blancos back in the summer of 2013 for a fee, reported by BBC Sport, to be in the region of £85 million – a then world record signing.
The Welsh international was superb in his debut season and has since won three Champions League trophies in his time at the Bernabeu.
However, injuries in the last couple of years have restricted Bale’s impact for the Spanish giants.
Despite the forward scoring 14 goals and providing eight assists in all competitions for Real Madrid this term, the hostile Madristas will undoubtedly demand added firepower in the summer window.
A move for Bale would be complicated with Tottenham’s strict wage budget.
However, after three successive top-four finishes, and with a new stadium on the horizon, they may feel it’s necessary to break the bank to bring the Wales star back.
Bale will, no doubt improve, the Lilywhite’s already impressive starting eleven.
Spurs will most likely have to spend more than the £85 million fee they initially sold him for, but Levy needs to be prepared to spend big this summer or get left behind by his top-flight rivals.
The signing of Bale will not just be the Lilywhites buying a former north-London hero, but one of the most decorated players in world football.
The Welshman’s arrival would also bring Spurs that trophy winning experience that Pochettino’s side so desperately need if they are to win their first domestic honour in over a decade.