Tottenham are prepared to make Gareth Bale the highest paid player in their history with the club hoping to convince the in-form Welsh star to sign an improved contract in the summer, according to the Evening Standard.

Bale is odds on favourite to be named the Premier League's player of the season following a potent spell of goalscoring form, which has led to renewed speculation about a transfer to Spanish giants Real Madrid.

Along with Real Madrid, Manchester City have also this week been credited with interest in Bale, while the former are reported to be planning a bid worth £50 million to bring the 23-year-old to the Santiago Bernabeu.

The Evening Standard also claims Barcelona would be willing to meet the valuation of Bale, while Paris Saint-Germain and Juventus are also among the clubs monitoring his situation with Tottenham.

Spurs, however, hope to keep Bale out of the clutches of Europe's elite by offering him a significant pay hike to commit himself to White Hart Lane, with a deal set to be tabled worth £130,000-a-week.

Bale will also be offered performance related bonuses and image rights over a four-year period, with Spurs reported to be hoping that they can keep the Wales international in north London for at least another season.

The former Southampton trainee only signed a new deal last year, but the improved terms would represent a marked increase on his current £75,000-a-week salary.

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