The news came as a blow to Real Madrid’s transfer policy, with the club refusing to consider a sale to anyone outside of the Champions League squad.
With the Portuguese winger set to leave in the summer and a move to Real’s rivals Barcelona expected, Real are keen to bring in another striker to help with the gap at the back.
With Cristiano Ronaldo set to step up his contract at Real Madrid this summer, Real will be keen to offload the 29-year-old before the end of the season.
With Gareth Bale out of the picture, it seems unlikely that Real will sell the Welshman, with only Manchester United and Arsenal remaining in the race to sign him.
However, the Madrid sporting director, Florentino Perez, has indicated that Real have no alternative but to look at selling Bale.
“We are going to discuss what is going to happen next,” Perez said.
“It is not the end for Bale.
It is a matter of when.”
At the moment, we are going through our process, we have the players and the resources to get him to Barcelona.
“If we find someone else, it’s for the club.
If not, we will look at the options.
It’s not the last time we will have to make a decision, it will be another one.”
Perez has previously said that he expects Real Madrid to spend €100 million on Bale and is hopeful that a transfer could be agreed in the coming weeks.
Real Madrid are also keen to sign striker Lucas Vazquez and are believed to be willing to pay €30 million for the Spanish international.
However the player has not ruled out a move elsewhere and is currently on holiday with his family in Spain.