'Los Blancos' are currently thought to be closing in on the signing of Athletic Bilbao goalkeeper Kepa Arrizabalaga, but all the excitement at present is about Bale's impending return.
There is thought to be no medical reason preventing the Welshman from getting back to his best, making him the best possible winter recruit.
Spanish publication 'Mundo Deportivo' reports that there is an immense confidence from Bale's team-mates all the way up to the club president that the former Spurs man's return to top form is a matter of 'when' rather than 'if'.
After an eye-catching cameo against Fuenlabrada in the Copa del Rey, it became clear that Real are taking no risks with the man they paid €85m for back in 2013, preferring to wrap him in cotton wool rather than risk aggravating even the slightest of problems.
The target was for Bale to feature in some way at the Club World Cup, a goal that looks to have been achieved, with the winger in contention to play a part against Al-Jazira on Wednesday after training alongside his team-mates on Tuesday.
In recent times, 'El País' revealed that the Spanish giants have recruited the physio who worked with Bale at Spurs as they continue to look for a way of returning the player to his match-winning best.
Is Bale's return a case of Christmas come early for Real Madrid?