Real Madrid coach Carlo Ancelotti has indicated for the first time that his club are in talks to sign Gareth Bale, the BBC reports.

His comments follow speculation that Real are preparing a bid in excess of the world record £80m fee they paid for Cristiano Ronaldo in 2011.

Ancelotti told a news conference at Real's training camp in Los Angeles: "I believe the club is in talks to find a solution and we will see what happens."

However, it is believed no formal bid has yet been submitted by Real.

Bale

Bale reported to Spurs' training ground on Wednesday morning, undergoing treatment on the leg injury which forced him to miss their last two pre-season matches.

Ancelotti was asked about the possibility of Real Madrid adding Wales international Bale to his squad this summer.

"It is difficult to talk about Bale because he is not a Real Madrid player at present," he added.

"I have never spoken to him. I do not usually talk to players who are not from my team and it would not be fair to do so."

Former Chelsea boss Ancelotti, who took charge at the Bernabeu earlier this summer after leaving Paris St-Germain, added that former Tottenham playmaker Luka Modric is not part of any deal for Bale.

"It is not true that Modric is going. He is a very important player for us and he will be here this season," the Italian added.