The Welshman’s manager, Andre Villas Boas, claims the club are negotiating a new deal with the player.
Marca has claimed this week that Real Madrid agreed a deal with Bale and that the club were to make a bid for him imminently.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.