The flying Spurs winger has been handed a new deal after establishing himself in the first team and shining on the international stage in recent weeks.
The 22-year-old made a scintillating introduction to his international career with two emphatic performances against Montenegro and Poland during the international break, pushing England to the World Cup finals.
And now the academy graduate can celebrate his week with a new four-year contract, awarded to him for his sharp turn of form since making an impression on loan with Queens Park Rangers at the end of last season.
Townsend still had three years remaining on his existing contract with the club but was handed a bumper wage as a result of his rise into the first team, capped with a debut goal for England against Montenegro.
But his week was also soured by claims of a race row after an anecdote from Roy Hodgson to inspire England players to pass to the winger was branded as "unacceptable" by society Race for Sport.
However, with the winger brushing aside the scandal by branding it a "compliment," he can now target a return to league action with an away trip to Aston Villa on Sunday and a new deal off the back of his efforts.