Bale has been heavily linked with Spurs this summer, but Mauricio Pochettino’s side have not been able to agree a deal so far.
Madrid, on the other hand, are keen on Eriksen - but they cannot afford a fee to buy the Spurs man right now.
It leaves both Bale’s and Eriksen’s futures hanging in the balance, and it could give Tottenham a big decision to make.
If Tottenham do go for Bale now, they may well enable Madrid to buy Eriksen.
Bale’s wages at Madrid are huge, and the saving that the Spanish club would make by offloading him would allow them to go and target more players.
Spurs would need Bale to take a drastic pay cut to join them, and Madrid aren’t particularly keen on subsidising a loan move for the Welshman, as it does not solve their current financial problem.
If Spurs are to sign Bale this summer, it could therefore by a protracted saga, which does not go through until the end of the window.
And Tottenham have more complications to think about in pursuing a deal now.
Losing Eriksen would be a huge blow, even if Bale did arrive at Spurs, and there has to be question marks over whether a transfer would be worthwhile.
Bale as a stand alone transfer would be amazing for Tottenham - it would show ambition, announce a new era, and give them a genuine world class talent to add to their team.
However, as a replacement for Eriksen, there must be questions over the Welshman.
Bale’s injury record is a major worry, and one of Eriksen’s key assets was his reliability.
The Dane barely missed a game for Tottenham, with his body capable of withstanding the rigours of playing Premier League football.
There are no such assurances with Bale and, in truth, Spurs would probably need to bring in a playmaker alongside Bale to replace Eriksen, if he was to depart.
It leaves yet another obstacle in Spurs's way of creating a dream homecoming for Bale, and it may be that the transfer just has to be avoided now, as the consequences are too severe.
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