Real Madrid are ready to pay as much as £70m to win the race to sign in-form Welsh winger Gareth Bale according to the Daily Express.
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The 23 year old is in red hot form and Tottenham may struggle to keep hold of the goal-scoring wide-man if the Spanish giants are ready to make such a big money bid for Bale.
Calderon said: "It's true we have spent a lot of money in the last three or four years but we are in a position to pay the money they are going to ask for.
"There is always a limit but Real Madrid is in a very healthy situation, economically speaking, so we would be in the position to sign him.
"I'm sure it will be a high amount of money because he is a fantastic player. A lot of clubs would like to have him.
White Hart Lane chairman Daniel Levy held up Luka Modric's exit from the North London club before finally accepting a £35m bid for the Croatian, only for the schemer to now be considered one of the worst signings the La Liga has seen in many years.
Bale netted another brace on Monday night, including a last gasp cracker to overcome West Ham, taking his total for the current campaign to 19 including 12 in his last 12 appearances.
One would wonder where such a bid would leave Cristiano Ronaldo as clearly both players fill the same left attacking role, perhaps Real Madrid's apparent interest in the former Southampton man comes in lieu of a possible exit of the Portuguese international skipper.
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