Gareth Bale is in contract talks with Tottenham Hotspur, who hope to extend his stay at White Hart Lane.

Real Madrid are reportedly keen to break the bank to sign Bale, who is president Florentino Perez’s latest football infatuation, after losing out on Neymar to Barcelona.

Manchester United have also been linked to a club record transfer bid for the Welsh international flyer.

It is believed that while Bale is keen to play in the Uefa Champions League and is open to bids from the best teams in Europe, he is also satisfied to commit another well-paid season to Spurs’ bid to win their own place in top-tier European football.

And Spurs boss Andre Villas-Boas has now confirmed that 24-year-old Bale’s agent is negotiating a contract extension with the club.

"There were contacts last year between the club and his agent," said Villas-Boas according to Sky Sports.

"And there are still ongoing contacts between club and agent.

"The player renewed his contract last year by the beginning of the season, if you remember, and it's something that is being dealt with by the chairman and the agent.

"Talks are ongoing, but that doesn't mean there is an agreement."

Asked if he believes Bale will still be a Spurs player when the transfer window slams shut in early September, AVB added:  "At the moment we are confident. The player is under contract, a good contract at Tottenham, which was done last year.

"It's something we are speaking about but we don't have any further developments."