Reports in the English press suggest that the Spanish giants have conceded they cannot sign the player yet.
Madrid may go back in for the Welshman in 12 months’ time, with Bale one of the most sought after players in world football.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.