The biggest question, then, if he's going to stay at Tottenham Hotspur is as to whether he'll sign a new deal at the club to signal his long-standing commitment.
UPDATE: Monday, July 8, at 11:45 p.m. ET by Dan Talintyre
With reports emerging that Real Madrid are slowing down in their pursuit for the winger, Tottenham Hotspur are reportedly getting ready once more to offer Bale a new deal. And according to The Daily Mirror, that contract could be put together by the club as soon as this week.
Tottenham will attempt to finalise a new contract with Gareth Bale when he returns for training to the club this week. Boss Andre Villas-Boas and technical director Franco Baldini will lead the attempt to convince Bale to commit himself to White Hart Lane for at least one more season. Spurs are prepared to smash their wage structure and pay £70 million-rated Bale £170,000 a week if he agrees to extend his deal.
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UPDATE: Wednesday, May 22, at 4:20 a.m. ET by Dan Talintyre
Dominic Fifield at The Guardian reports that Bale is on the brink of signing a new contract at Spurs—believed to be around £150,000 per-week.
Gareth Bale is poised to commit his immediate future to Tottenham Hotspur after agreeing improved terms in principle to remain at White Hart Lane despite the club's failure to reach the Champions League. The deal is expected to include a release clause for bids over £50m that can be triggered at the end of next season.
The chairman, Daniel Levy, has indicated, though, that he will endeavour to add to the squad before next season. Giving Bale, the Professional Footballers' Association player of the season and young player of the season, terms worth about £150,000 a week would be a serious statement of intent given that a number of suitors, not least Real Madrid, are interested in buying the Wales international.
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As mentioned before, Bale already signed a new deal at the start of the 2012 season, so he doesn't need to sign a new deal with them, per se. But given all the pressure currently surrounding the club and the Wales international, signing a new deal would send a strong suggestion that he isn't leaving Spurs any time in the near future and would no doubt give the London club a huge boost as a result.
According to the BBC, speaking after Bale was crowned the PFA Player of the Year two weeks back, Villas-Boas said that "it would be good for him to sign a new contract." He also added that he thought Bale "deserves it for the season he's had" at Tottenham, suggesting that a new deal could also include a pay-rise for the winger.
The manager had slightly changed his tune last weekend, when he stated that he was "unsure" whether Bale was signing a new £170,000-a-week deal, as reported by The Independent. He did, however, reiterate that Spurs were confident they would keep the 23-year-old over the summer transfer window.