Tottenham manager Andre Villas-Boas has confirmed that the club are in talks with Gareth Bale over a new contract.

Welsh winger Bale has been linked with a host of top European clubs after a sensational 2012/13 campaign during which he won the PFA Players' Player of the Year and Young Player of the Year awards.

Reports have surfaced in Spain that Real Madrid have submitted an official bid for the 24-year-old but Villas-Boas is hoping to keep hold of his prized asset and believes a new contract can be agreed before the start of the season.

"There were contacts last year between the club and his agent" said Villas-Boas. "And there are still ongoing contacts between club and agent.

"The player renewed his contract last year by the beginning of the season if you remember and it's something that is being dealt with by the chairman and the agent.

"Talks are ongoing but that doesn't mean there is an agreement."

When asked if he was confident that an agreement would be reached the Spurs boss added: "At the moment we are confident. The player is under contract a good contract at Tottenham which was done last year.