REAL MADRID president Florentino Perez has admitted that the €100 million Tottenham are reportedly asking for Gareth Bale is "a lot of money".
The Spanish press has reported that 'Los Blancos' could pay up to €120m to secure the services of the 2013 PFA Player of the Year, while coach Carlo Ancelotti has admitted the club "are trying to find a solution to the situation".
Perez hinted that Madrid might be trying to lower the price for the Tottenham star but refused to speak at length about the deal.
He said: "We don't usually talk about players out of respect to the player, the club and their chairman, with whom I enjoy a good friendship after signing (Luka) Modric last season. And as I don't talk about players, I don't talk about transfer fees either.
"However, €100million seems to me like a lot of money, all things considered.
"But I won't talk about players or money, because I shouldn't and I cannot."
The president explained that the club were still trying to tie Cristiano Ronaldo down to a new contract, as his current deal expires in 2015, and expressed confidence in securing the player's future at Madrid shortly.
He said: "We are all convinced he is going to finish his career at Real Madrid. At the end of the summer we will try to resolve this situation. I believe this will happen before the end of the month, or at the start of next month.
"We are not in any hurry, because both parties have the same will. We will resolve it satisfactorily. At least that is what I want, and I believe it's what he wants too."
Yesterday Madrid beat their former coach Jose Mourinho's Chelsea 3-1, with Ronaldo scoring twice, in the Guinness International Champions Cup in Miami, a little over two months after the Portuguese left the Bernabeu following a trophyless season.
Perez insisted that Mourinho helped the club take "a competitive leap" in his three years at Madrid, but also tried to explain what went wrong in his last season.
"Last season we made a bad start and that conditioned most of the season," he said.
"At Madrid there is always something going on, because everything gets magnified, that's part of our history and what makes our club so great."