The Madrid sports paper claims that Bale wants to join Real Madrid and that a deal is agreed in principle.
Real Madrid may now be set to launch a formal approach for the Welshman, who appears their main transfer target this summer.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.