Tottenham chairman Daniel Levy was locked in negotiations on Wednesday night to finalise Gareth Bale’s world record £94million transfer to Real Madrid, the Daily Mail reports.

Levy spent the day haggling over the sale of the Wales star, making sure his club received as much money as possible for their 24-year-old talisman. 

Madrid chiefs have grown frustrated at Levy’s hardball approach, and his tough stance was maintained on Tuesday during another day of high-level negotiations.

Levy is adamant Fabio Coentrao’s pending switch to White Hart Lane should remain separate from Bale’s transfer, while Real Madrid want to use the left back as a makeweight in the deal.

Speaking ahead of Thursday’s Europa League qualifier here against Dinamo Tbilisi, Spurs manager Andre Villas-Boas insisted a deal for Bale was not complete. 

But Real chiefs are confident the transfer, which will eclipse Madrid’s £80m world record capture of Cristiano Ronaldo from Manchester United, will go through before the September 2 deadline.

All the indications point to the forward’s imminent exit. Having already spent close to £60million on Roberto Soldado, Paulinho, Nacer Chadli and Etienne Capoue, Levy, director of football Franco Baldini and Villas-Boas continue to strengthen Spurs’ squad.

Anzhi Makhachkala forward Willian is almost certain to join in a £30m deal, and the club were in advanced talks with Roma to land Argentinian forward Erik Lamela, another deal that could be worth around £30m.