Real Madrid preparing to hand out nearly £350million worth of new contracts

Soccer Football - Atletico Madrid v Real Madrid - UEFA Champions League Final - San Siro Stadium, Milan, Italy - 28/5/16Real Madrid's Sergio Ramos lifts the trophy as they celebrate winning the UEFA Champions League Reuters / Kai PfaffenbachLivepicEDITORIAL USE ONLY. TPX IMAGES OF THE DAY

Real Madrid are preparing to hand out nearly £350million worth of new contracts in the next month as they look to build on their Champions League success.

Zinedine Zidane opted not to buy big this summer, instead keeping faith with the starting XI that won him a European Cup within six months of taking the reins at the Bernabeu.

And four of that eleven will be rewarded with huge new contracts, including Cristiano Ronaldo , Gareth Bale , Toni Kroos and Luka Modric.

Ronaldo is expected to sign a four-year deal, with an option for a fifth, worth around £500,000 per week. It represents an enormous outlay for a player who is already 31 but represents a reward for helping Madrid to win two Champions League in the past three years.

Gareth Bale, who looks set to replace the Portuguese superstar as the club's leading light, will also shortly receive a new deal keeping him in the Spanish capital until 2021.

27-year-old Bale is entering his prime and was huge for Los Blancos in the business end of last season. His good form continued into Euro 2016 and he started the season off with a match-winning performance against Real Sociedad.

The Welshman arrived at the Bernabeu in 2013 for £85million, with a renegotiation clause set for halfway through his six-year deal. Jonathan Barnett, the player's agent, has pushed hard to take Bale's salary close to that of Ronaldo but for now he will settle for being the second highest-paid player at the club - earning just shy of £400,000 per week.

Midfield duo Toni Kroos and Luka Modric will also renew their contracts and are set to find themselves on the fourth tier of Madrid's salary scale after Ronaldo, Bale and Sergio Ramos.

Kroos had some trouble settling in Spain and, after struggling to fully immerse himself in the dressing-room culture, was tempted by interest from Manchester City in the spring. Nonetheless, he will stay at Madrid on a contract that boasts similar terms to midfield partner Modric, who was the club's beating heart last season.

With that crucial foursome tied down to new deals and Ramos having renewed last August, Zidane will be able to build around a solid core at the Bernabeu.

It will, however, entail Florentino Perez lending his golden signature to four contracts promising north of £340million over the next five or six years.