Gareth Bale poised for world record contract as Real Madrid line up £195million five-year deal

REAL MADRID  plan to make Gareth Bale the highest-paid player on the planet — with a £195million deal.

The Spanish giants want to  give  star Bale, 27, a new £750,000-a-week, five-year contract.

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bosses are eager to keep Bale out of the clutches of Manchester United — as well as Europe’s other big spenders.

His current £525,000-a-week contract does not run out until the summer of 2019.

But Los Blancos want to tie the former Tottenham ace down  before their Fifa transfer ban kicks in next year. They cannot register new players over the next two windows.

Bale’s  Madrid team-mate Cristiano Ronaldo is also in negotiations over a   similar  bank-busting deal — although Real are stalling on offering him a five-year contract as he will be 32 in February.

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AP:Associated Press

AP:Associated Press

With Spain’s top rate of tax sitting at 52 per cent, both players are seeking annual net salaries  of around  £20m.

Such eye-watering sums would even  eclipse the £18m  after-tax salary of Barcelona’s  Lionel Messi.

Real have already given new long-term mega-deals to key midfielders Luka  Modric and Toni Kroos with the transfer ban looming over them.

Bale was  the most- expensive player in the world when he moved from Tottenham  for £86million in 2013.

But he was overtaken by Paul Pogba’s £89m switch to Manchester United this summer.

Bale has bagged the Champions League twice during his Madrid stint.