Real Madrid have made two different offers for Gareth Bale and are waiting to see which one Tottenham Hotspur will accept for the Wales winger.
The first offer is €100m (£86m) with structured payments over three to four years, which would surpass the world record fee Real paid Manchester United for Cristiano Ronaldo (£80m).
The other is an up-front, one-off payment which will be closer to £70m.
A player could also be thrown in as a makeweight in the second deal.
More to follow.