The Santiago Bernabeu chief has stated that the Wales international is a critical member of Carlo Ancelotti’s side.
Real Madrid president Florentino Perez has moved to dispel rumours that Gareth Bale could leave the Spanish capital this summer.
The former Tottenham winger has come in for criticism in the Spanish press over claims he is too selfish on the ball and the Welshman has had to endure boos and whistles from the Santiago Bernabeu crowd.
Despite Bale not being at his best currently, Perez has claimed that no offers for his services have been put forward and the flying attacker is an essential member of Carlo Ancelotti’s squad.
"We have not received any offers, which is quite normal: all clubs know that Gareth Bale will never leave Real Madrid and that we are not prepared to listen to any offer no matter how attractive it is,” Perez is quoted as saying by Marca.
“Bale is a key player. He has already given a lot to the team and is fundamental to the future of the club.
“Much like I cannot imagine Real Madrid without Cristiano Ronaldo, I also cannot imagine Real Madrid without Bale.”
Despite recent criticism, Perez urged Madrid fans to remember Bale’s heroics last season and his goals in the Copa del Rey and Champions League finals.
"We signed Bale in the summer - what a carry-on that was,” the Spaniard continued.
“It is now known that we presented him with a slipped disk and that I and everyone else knew it.
“And now that he doesn't have this problem, we have to change the whole system and take Gareth Bale off. Let us not forget that in his first season Bale scored in two finals.”
Bale has been linked with a move to Manchester United in the British press - by the Express, among others - while Spurs fans hold out hope that the Welshman will return to White Hart Lane one day.
However, for the time being, it looks like the world’s most expensive player will still be in the Spanish capital next season.
Despite almost scoring from close to the halfway line at the weekend against Athletic Bilbao, Bale has not hit the back of the net for Madrid in his last nine games in all competitions.