Real Madrid are ready to make Gareth Bale the highest paid player in the game's history.

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

Real 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.

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.