It is thought Malaysian businessman Tan has little interest in selling Cardiff, the club he has invested £200m-plus into since buying in 2010.
Bale recently said it would be “a dream come true” to purchase the Bluebirds, outlining his desire to take the club to the Premier League.
Speaking to Sky Sports in June, he said: “We’ve been speaking about it [a takeover], trying to engage with Cardiff, but more news will come out on that in the future and hopefully we can get something done.”
The 35-year-old was heavily linked with a move to the Cardiff City Stadium prior to joining Los Angeles in the summer of 2022.
Bale went on to help the Major League Soccer side win the MLS Cup by scoring a last-minute equaliser in extra time of the final as LA went on to beat Philadelphia Union on penalties.
He featured in each of his country’s group-stage matches against the USA, Iran and England at the 2022 World Cup in Qatar before retiring from football in January 2023.
Cardiff – now led by former Manchester City elite development squad boss Brian Barry-Murphy – are preparing for a first campaign in the third tier since 2002-03 having finished bottom of the Championship last season.
The Bluebirds have not commented on the Bale-led consortium’s approaches to buy the club.
