The Daily Mail reports that that Spurs will make their offer of a five-year contract worth around £40million once they have secured Champions League action for next season.
Bale signed a four-year contract worth £75,000-a-week last season, but Spurs are ready to hand the winger a new deal in order to keep the winger at the club.
Spurs chairman Daniel Levy reportedly plan to offer Bale a deal worth around £150,000-a-week.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.