Real Madrid captain Iker Casillas has described Gareth Bale as "one of the top three or four players in Europe" as the Spanish giants continue their pursuit of the Tottenham winger.
Madrid-based newspaper Marca's front page suggested Spurs were holding out for a fee of 145 million euros (£126m), which would far exceed the world record £80m the club shelled out on Cristiano Ronaldo in 2009.
Whether president Florentino Perez is willing to go to those lengths remains to be seen but Casillas, speaking on the club's tour of the United States, said: "We are talking about one of the top three or four best players in Europe and it's normal that his name is being discussed because he has all the qualities a footballer needs.
"Every transfer is controversial in its own way, for better or worse, but we are speaking about a very good, decisive player.
"I'm sure we'll make another signing before the transfer window shuts."
"I had the chance to meet Ancelotti during the summer holidays in Madrid and I'm excited about working with him," said Casillas, who hopes the Italian can right the wrongs of last season's trophyless campaign.
"I spoke to him for just five minutes and I came to the conclusion he is a winner. He makes that clear to you from the start.
"Whenever a new coach comes in it's a new challenge and I'm happy about starting a new era.
"Madrid need to start winning games and trophies after last season and fight for all three competitions."
Casillas spent the latter half of last season on the sidelines after injuring his hand and then slipping below Diego Lopez in the pecking order.
He declared his determination to get back in the first team next season, but insisted he was not taking his place in the side for granted.
"I have to compete. I would love to play, but I have to start from scratch. I am very excited now I am here, but my team-mates aren't going to make it easy for me," he added.
"It's good there is competition, because the coach and the whole team benefit from that. But there is a lot of competition for every position and my aim is to get back to my best and compete."
Barcelona midfielder Javier Mascherano also holds Bale in high esteem and despite the fact his arrival at the Santiago Bernabeu would threaten Barca's dominance in Spain, he feels the winger would bring "quality" to the league.
He told Fox Sports Asia: "Always when players with quality come it is very good for the league. Bale is a player that has shown in the last three years that he is one of the best in his position."