Real Madrid want Dele Alli in Spurs offer for Bale and have expressed interest in the Tottenham midfielder.
During negotiations over Gareth Bale’s return to Spurs in recent days, the Telegraph says Alli’s situation was raised.
Real president Florentino Perez has been a long-term fan of the England international and wants him inluded in Spurs’ offer for Bale.
A loan arrangement for both players is now being discussed, which will see Real cover 50 per cent of Bale’s £300,000-a-week wage packet.
For Alli however, it remains to be seen whether Spurs chairman Daniel Levy will entertain the prospect of him moving in the opposite direction.