Real Madrid have made it clear Bale has no future at the club and are ready to fund half of his £600,000-a-week wages to let him depart on loan.
The Welsh winger is open to a loan switch back to the Premier League although he would prefer a Premier League deal.
And he could be left with a choice between a return to Tottenham, who he quit for Real Madrid back in 2013, or Manchester United.
The Red Devils are considering a loan move for Bale as a stop-gap solution if they cannot agree a fee with Borussia Dortmund for Jadon Sancho.
Whilst Bale is ready to talk to United, his comments when Jose Mourinho joined Spurs suggest he could be interested in a return.
He labelled the appointment of the former Real Madrid, Chelsea and United boss as an “amazing statement” as he backed him to deliver trophies to his former club.
"Having [Jose] Mourinho there is an amazing statement from the club, I think he's a serial winner,” he told BT Sport.
"Tottenham want to win trophies and I don't think there's a better partnership than Mourinho and Tottenham together to try and win some trophies.”
Bale’s treatment at Real Madrid under Zinedine Zidane has baffled many, with former Tottenham team-mate Andros Townsend claiming he “deserves a statue” instead of being frozen out in Spain.
But their loss could be the Premier League’s gain if he returns to north London or heads to Old Trafford.
"Normally I wouldn’t agree with the antics of Gareth Bale, what he was doing in the stands, playing golf and intentionally trying to annoy his employers," he told ITV Sport.
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Ole Gunnar Solskjaer has already brought in Donny van de Beek but Jadon Sancho remains Manchester United's number one target.
However, they have so far failed to agree a deal with Borussia Dortmund and are considering Gareth Bale as an alternative.
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"But what Gareth Bale has done for that football club… the goals in the Champions League final against Atletico Madrid, the two goals against Liverpool effectively winning them that Champions League, he deserves a statue.
“Instead, he’s abused by the fans, by the media, by the club.
“After all that, he agreed a move to China and then at the eleventh hour he got a call: ‘No, you’re not going, come back to Real Madrid, we want you here'.
“Then after all that, he’s still not playing, he’s still getting abuse, the club is still feeding things into the press.
“So I don’t blame him for the way he’s acting now and just giving up. He’s just sitting on his contract, but I’d like to see Gareth Bale back in the Premier League.
"He’s only 31, so he’s got many years to offer and he’s a world-class talent, so it would be great to see him getting back to what he does best.”
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