The situation has fuelled speculation that the former Spurs and Southampton man could leave Madrid, with the Red Devils rumoured to be interested in exploring a big-money move.
After Los Blancos claimed their twelfth Champions League triumph on Saturday with a crushing 4-1 victory over seemingly impregnable Juventus, Ronaldo "liked" an Instagram photoshop effort of Messi handing him the Ballon d'Or.
The 2006 World Cup victor signed a two-year deal with Juve in May 2016, which is expected to be his last contract before retirement.
But Bale himself clearly indicated he is part of an extraordinary team at the Bernabeu and simply craves more.
It's why you're a footballer, it's the reason I came here.
"It will be tough to do better than this year, because we could have done something truly incredible this season".
"I've signed a long-term contract at Madrid", Bale said.
"My family is happy and I am happy so, yeah, we will continue what we are doing".
"I am happy, these are good moments".
"We are winning trophies and I am happy".
With the crowd in a frenzy, four-time Ballon d'Or victor Ronaldo - who finished the season with 42 goals in all competitions and as the Champions League's top scorer - ended up singing, "Cristiano, Ballon d'Or" and the fans joined in.
"The city have done an immaculate job in hosting such a great event and we thank everyone for that".
The Welsh star who became the first player ever in his country to win three Champions League medal on Saturday also added that he was suffering from an ankle problem but now after the surgery, a little more healing and proper rest in the summer will be enough for him to recover fully.