As Goal exclusively revealed, Spurs have placed a £70 million pricetag on Bale following enquiries by Manchester United during a season which has seen him named the Professional Footballers' Association Player and Young Player of the Year and Football Writers' Association Player of the Year.
|5/1||Gareth Bale is 5/1 with bet365 to two score or goals v Stoke
"It would be good for him [to sign a new contract]," Villas-Boas told reporters.
"I think he deserves it for the season he's had. Obviously we could put to bed every single speculation that's coming out.
"It would be excellent and I think a reward for what he has achieved this season."
Bale is contracted to Spurs until 2016 and has scored 30 times for club and country this campaign.