Gareth Bale reportedly agrees to deal in principle with Real Madrid for record $132M

Real Madrid is expected to sign Gareth Bale from Tottenham for a record $132 million. (Jan Kruger/Getty Images)

Tottenham Hotspur's Gareth Bale has reportedly agreed to a deal in principle with Real Madrid for $132.43 million, according to a Reuters report on Thursday.  Reuters cites sports daily Marca, which reported that radio station Cadena COPE confirmed that a deal had been agreed upon and would be announced Friday.

If completed, the 99 million euro deal would best the world record transfer fee set by former Manchester United player Cristiano Ronaldo when he signed with Real Madrid in 2009 for 96 million euros.

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Real Madrid is scheduled to play against Al Sadd on Thursday evening and will be also celebrating the return of Raul, the club's all-time leading scorer. According to the report, "they are unlikely to want to trump that event with the Bale signing."

Tottenham, meanwhile, is coming off its recent signing of striker Roberto Soldado from Valencia for 30 million euros, a club record.  The team is also aiming to sign Brazilian forward Willian from Anzhi Makhachkala with a transfer fee that is expected to exceed its deal for Soldado.