Making an official bid for the player, whom they had started courting publicly in April, Real Madrid have offered cash and players to Spurs in a bid to deliver Bale to newly appointed boss Ancelotti, the Mirror reports.
The report added that Argentina winger Angel Di Maria is among several players that the Spanish giants are willing to hand over to the White Hart Lane club in order to bring in the Premier League's Player of the Year.
However, Tottenham is continuing to reject all interest in the Welsh winger out of hand, with the report adding that the club has long maintained that they have no intention of selling their prize asset, who is currently away on holiday.
But the report further said that Real is now ready to intensify their efforts to change the mind of Tottenham, who has a new deal on the table for Bale worth 170,000 pounds-a-week.
Along with Bale, Real's president Florentino Perez had also targeted Liverpool striker Luis Suarez and Napoli marksman Edinson Cavani, who have reportedly indicated willingness to move to the Bernabeu, the report added. (ANI )