Bale has been the subject of transfer speculation following some stunning performances this season, but Levy reiterated that the Welsh star is not for sale.
Levy told the club's AGM: "I've never deemed us to be a selling club, if you look at the big transfers which have taken place since I've been chairman.
"Both (Dimitar) Berbatov and Michael Carrick had two years left on their contract, both players wanted to go and that was the reason they were sold.
"But in the case of Gareth he's got a long contract and I can assure you he will not be sold."
Levy added: "The January transfer window is again upon us. We currently have the largest squad in the Premier League. We shall look to rationalise...Overall, we do not anticipate a busy transfer window."
Source: PA
Source: PA