Tottenham are planning to make Gareth Bale the highest-paid player in their history but the prospect of the Welshman signing a new deal is dependent on the club qualifying for next season’s Champions League.

Bale signed a new contract last June tying him to the club until 2016 but Standard Sport understands Spurs are ready to offer him a package significantly improving his current £75,000-a-week wage to stave off interest from Real Madrid and Barcelona.

It is believed Tottenham are ready to pay Bale in the region of £130,000 a week including performance-related bonuses and image rights over a four-year deal to convince the 23-year-old to stay for at least one more season.

Bale is keen on playing in La Liga and will only consider remaining at White Hart Lane if Tottenham finish in the top four. Spurs are currently third in the Premier League with a four-point cushion over Arsenal ahead of Sunday’s north London derby.

Bale has been instrumental in their progress, scoring eight times in his last six games during a run of breathtaking form. Tottenham are hopeful a compromise can be found if Champions League football is secured — namely that Bale stays for one more year with a tentative agreement that the club would not stand in his way were Spurs’ valuation met in the summer of 2014. Bale’s new deal would still leave the club in a strong negotiating position to sell their best player abroad.

However, should Tottenham fall outside the top four this season, it is unlikely Bale would be happy to spend another year playing in the Europa League and chairman Daniel Levy may then give greater attention to offers for the winger.

Juventus and Paris St-Germain are among a host of clubs interested in the Welshman but it is thought only Real and Barcelona are prepared to meet his valuation, believed to be in excess of £50million.

Bale has spoken openly in the past about the possibility one day of playing abroad and it is thought Tottenham, who signed a “partnership agreement” with Real after selling Luka Modric to the Spanish giants last summer, would prefer not to sell Bale to a Premier League rival.