City boss Roberto Mancini is thought to be desperate to take the newly-crowned PFA 'Player of the Year' ahead of big rivals Manchester United, Chelsea, Inter Milan and Real Madrid in the summer as he attempts to build a squad capable of winning the Premier League next year.
A source quoted by the Daily Star claims Mancini 'will break the bank to get him' and he has the funds at his disposal capable of taking Bale away from White Hart Lane.
Whether the money and England international midfielder, Milner, would be enough to tempt Spurs boss Harry Redknapp into selling Bale remains to be seen as he has consistently maintained that the Wales international is not for sale at any price.
Bale has also pledged his future to the north Londoners by signing a new and improved deal this season that was drawn up to keep him on board until 2015. But, with Spurs set to miss out on Champions League football next season, the 21-year-old might reassess his future and look for a move to a club that can offer him top European competition.
If that occurs then Redknapp might have to sell Bale on and the arrival of Milner would be a useful replacement, while he would also have significant funds to re-build his squad for a top-four push next term.