Real Madrid forward Gareth Bale has extended his contract with the Spanish giant in a deal that could see him become the best-paid player in the world.
Real had confirmed on Sunday that the Welshman has committed his long-term future to the club he joined in September 2013 for a then world-record transfer fee of £85m.
“Real Madrid and Gareth Bale have agreed to the extension of the player’s contract, which ties him to the club until June 30, 2022,” read a club statement.
Bale, 27, is due to speak to the media later today. He joins former Tottenham teammate Luka Modric, Toni Kroos and Lucas Vazquez in committing his future to Los Blancos in recent weeks.
His previous deal would have saw his contract expired by 2019.
Negotiations over an extension have been continuing for several months between Real and Bale’s representative, Jonathan Barnett, with an agreement reached a few weeks ago.
It is understood the contract has a buyout clause set at €1bn (£900m) – one of the biggest in the history of the sport. This would easily dismiss lingering doubts that Bale would remain in Spain despite speculations that he could make a return to the Premier League.
Additionally, Bale’s salary would rise to the equivalent to around £350,000 a week after tax, more than the estimated £288,000 Real pay Cristiano Ronaldo.
Negotiations over a contract extension for the Portuguese Captain have not yet been finalized – even as Real sought to tie down their leading players in the face of a transfer ban that runs until 2018.