His stunning new six year deal, worth £600,000 a week, includes a BILLION euro buy-out clause.
It effectively ends any interest in the Wales superstar from Premier League clubs, notably Manchester United.
Bale was the world’s most expensive player when he moved to the Bernabeu from Tottenham in 2013 and has won two Champions League titles and the Copa del Rey.
He was offered a new deal earlier in the season but stalled on agreeing it, knowing that Real Madrid are banned from registering any new players until January 2018.
He will now stay at the club until 2022 and becomes the fourth player in the last month to sign a contract extension after Toni Kroos, Luka Modric and Lucas Vazquez.
Bale will take home approximately £350,00-a-week after tax – more than Ronald’s current wage of £290,000.
The Portuguese star, the favourite to win the Ballon D’Or, is is also renegotiating his deal and is expected to take his place back at the top of the earning table.
