Manchester United Ready to Break The Bank for Premier League Star - Report

Manchester United have reportedly rekindled their interest in signing Tottenham star Gareth Bale this summer, according to the Mirror.

The 24-year-old was earlier a transfer target for the Old Trafford, but was strongly linked with a move to Real Madrid after their president Florentino Perez confirmed the La Liga side's desire in signing the Welshman.

The report claims that the Spanish giants are no longer interested in signing Bale. With Madrid now out of the race, the English champions are ready to break the club record transfer fee by making a £60m bid to land Bale during the current transfer window.

The winger has already expressed his desire to play in the Champions League, which will not be possible with Tottenham after they finished the previous season in the fifth spot. A move to United could help him fulfil his dream of playing in Europe's most elite club competition.

United manager David Moyes has made signing Bale as his top priority. The Premier League champions are currently in Australia for the pre-season tour and the Express reports the Red Devils' chief executive, Ed Woodward has flown back to England to do "urgent transfer business."

Woodward has already backed Moyes in making stellar signings by confirming that the club is ready to make the funds available to bring in new faces this summer.

Bale has been one of the hottest properties in Europe and Tottenham chairman Daniel Levy is reluctant to let the PFA Player and Young Player of the Year winner to leave the White Hart Lane this summer. However, United are believed to sign Bale before the start of the Premier League season.

The Red Devils want to bring in top class players as they look to bolster the squad for the new era at Old Trafford under the former Everton manager. Should the report be true, the addition of Bale to United's squad would strengthen their midfield for the new season.

The English champions have just made one signing this summer, with that of Uruguayan defender Guillermo Varela. United have been caught in a battle to keep unsettled striker Wayne Rooney at the club after Chelsea and Arsenal express their desire in signing him.

However, the Red Devils have confirmed that the striker is not for sale and have already turned down the approach from Chelsea for Rooney's signature.