According to Jonathan Northcroft of the Sunday Times, the La Liga giants want to spend big in the summer and are keen to sign the England striker in a deal that would see the Spurs man become the most expensive footballer of all time.
However, Northcroft suggested Tottenham are ready to do all they possibly can to keep Kane at the club.
"Daniel Levy, the Tottenham chairman, is trying to warn them off by saying he will not sell at any price," noted Northcroft. "Fundamental to Levy's ambition is securing Kane and manager Mauricio Pochettino on extended deals to ensure the club moves into its new stadium next season with their two biggest assets committed to the future."
Here's how the story was reported in the newspaper:
With Barcelona streaking ahead of Real in La Liga, having spent big on Ousmane Dembele and Philippe Coutinho following the sale of Neymar, it would be no surprise to see Los Blancos respond with a splurge at the end of the campaign.
After all, their own goalscorer extraordinaire in Cristiano Ronaldo has really struggled to find his touch domestically, per Dermot Corrigan of ESPN FC:
Kane's radar remains on point by contrast, as the 24-year-old continues to go from strength to strength for Pochettino's side.
The striker seems to improve every time he takes to the field. At the moment, Kane is one of the most multifaceted strikers in the game, as he uses his power, movement and technical ability to ensure he's always involved in the game.
And crucially, when he does get the chance to shoot, he's a ruthless finisher and has been for a long time now in the Premier League. As noted by Tifo Football, his recent record has put the forward in some illustrious company:
He's the type of player who would make a massive difference for Madrid, as the team's once-illustrious attack has grown stale this term.
While there is hope Ronaldo will recover his incision in the final third, this season Gareth Bale has once again suffered with injury woes and is a difficult man to rely on as a result. Meanwhile, Karim Benzema, for so long the foil for Ronaldo, has looked well short of his best.
Indeed, this comparison between Kane and Benzema earlier in the campaign from OptaJean doesn't reflect favourably on the Frenchman:
Traditionally, Madrid have spent big money in FIFA World Cup summers, with the signing of James Rodriguez coming in 2014 after he starred in Brazil. With that in mind, not to mention how far they've fallen behind Barcelona, you sense a big signing is on the horizon.
Spurs will be keen to do all they can to ensure it's not Kane, as losing a player of such talent and who shares such affinity with the supporters would be an enormous blow to the football club, even if they were to be in receipt of £200 million.