The fee has yet to be confirmed but both clubs have confirmed the deal and he will be presented to Real's supporters at 12pm on Monday.

El Mundo newspaper has reported that the fee is €91m (£77.7m) which falls just short of the £80m the Liga giants paid Manchester United for Cristiano Ronaldo in 2009.

However reports in Britain say that the price is closer to £86m which would be a record.

“I am not sure there is ever a good time to leave a club where I felt settled and was playing the best football of my career to date. I know many players talk of their desire to join the club of their boyhood dreams, but I can honestly say, this is my dream come true," said Bale.

"I am well aware that I would not be at the level I am today were it not for firstly Southampton and then Spurs standing by me during some of the tougher times and affording me the environment and support they have.

“Tottenham will always be in my heart and I’m sure that this season will be a successful one for them. I am now looking forward to the next exciting chapter in my life, playing football for Real Madrid."

Tottenham chairman Daniel Levy added: "'Gareth was a player we had absolutely no intention of selling as we look to build for the future.

"He is a player whose career we have fostered and developed and he was only a year into his new four year contract.

"Such has been the attention from Real Madrid and so great is Gareth's desire to join them, that we have taken the view that the player will not be sufficiently committed to our campaign in the current season.

"'We have, therefore, with great reluctance, agreed to this sale and do so in the knowledge that we have an exceptionally strong squad."

Bale will wear the number 11 shirt in Madrid.

Bale joined from Southampton in May 2007 and during his six years with the Club made 203 appearances, scoring 55 goals.

Speaking after Spurs' 1-0 defeat to Arsenal in the North London derby, Tottenham manager Andre Villas-Boas said: "He is going to join Real Madrid and we wish him all the best.

"He has left us with great memories from last season which I think every Tottenham fan cherishes but he has moved on and we move on as well."

Neymar/His father was given a 40m joining bonus and his salary is 7m a year, if you add 8m a year from the joining bonus (40/5), it becomes 15m a year which is more than Messi. That's what the Ballague fellow was saying on itv.

^ Plain disgusting. How can anyone pay Neymar more than MESSI? It is insulting to Leo. He'll never admit it in public, but he probably feels insulted inside.

@Dyn Neymar is getting more than Messi right now annually because of bonuses'. What kind of bullshit is this?

Bring back Laporta :p

Yeahh Vamosss @Dyna , wtf is wrong with u bro? u should be happy?? we got one of the best players in our squad

@Iraqi

For 100 million? You're telling me that this guy is worth more than Ronaldo? It took Ronaldo 3 seasons and a combined 146 goals in those 3 seasons to pay off the 94 million price tag, so how will Bale?

It's like the Neymar buy. Neymar isn't doing all that bad in Barca. He's helping make plays and doing pretty well with his movement. But would you really rate that as 57 million? He could've been bought for 20 million and still do the same thing. THAT would be more realistic.

And don't even get me started on Bale and Neymar being paid more than Ronnie and Leo. That's just crazy.

@Rama

I understand your frustration, but it is true. Read this.

http://as.com/diarioas/2013/06/07/english/1370608562_457864.html

@Dyna , yes i understand 100 mill for a good welsh player is too much. But you know how Florentino is. He got money in his pockets and if he wants a player then he will get him and he isnt scared to raise the pricetag. Football is like business nowadays..

this gonna be a problem... :)