Former Real Madrid striker Raul believes that Tottenham Hotspur have "overestimated" Gareth Bale's reported €100 million price.
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Bale, 24, has been tipped to join Real this summer, although it is claimed that Tottenham are reluctant to let the Wales international leave.
The forward scored 26 goals in all competitions last season and picked up the PFA Player of the Year and Young Player of the Year awards -- but Raul feels his mooted valuation is inflated.
The Spaniard told his current side Al Sadd's official website: "[The board] are professional and are working to achieve good things for the team.
"Mou did well with the team and Carlo Ancelotti is one of the best coaches in the world and he’ll win trophies.
"[Bale is] a brilliant player and would bring a lot to Madrid, but he’s very expensive. Tottenham have overestimated his price."
Raul is due to face his former club Real when they host Al Sadd in the Bernabeu Trophy on Thursday, and the striker is relishing the trip back to his former stomping ground.
He said: "It’ll be great to be in Madrid. I hope all the Al Sadd players take advantage of the trip and the match against Real Madrid.
"I heard it was a sell-out. Thanks to the Real Madrid fans; I hope it’s a good match and everyone there has a good time, especially because they’ll see me play one half for Al Sadd and one half for Real Madrid."