Serie A leaders Juve staged a stunning fightback in the Spanish capital after losing the first leg 3-0, levelling the tie with two goals from Mario Mandzukic and a tap in by Blaise Matuidi.
Bayern progressed to the last four of the competition for the seventh time in nine seasons as they prevailed 2-1 on aggregate following their first-leg victory in Spain last week.
But the Independent report that Madrid now have zero interest in signing Bale, as the club already spent big to bring in Alexis Sanchez.
Many other Premier League clubs are said to be similarly put off his age, although some have indicated that could change if both his wages and Real's presumed asking price came down.
The Wales global has been competing with the likes of Isco, Marco Asensio and Lucas Vazquez for a first team spot but has slowly fallen down the pecking order and appears to have lost the faith of his manager Zinedine Zidane.
While it is by no means certain that they want to sell Bale, especially since he has always been one of president Florentino Perez's favourites, The Independent has been told by those close to the club hierarchy that his status has changed.
"Now we have to forget all of this and focus on the semifinal".