As reported by Standard Sport, Bale is expected to join Tottenham on a season-long loan from the Spanish champions, with Real Madrid paying a large proportion of his wages.
And Anderton believes it will a great bit of business from his former side.
“To come back to somewhere where you are loved really does make sense,” Anderton told talkSport. “It has to be great for all parties and after watching the game on Sunday oh boy do Spurs need it, someone who can go and win a game with a bit of magic and creativity and flair.
“He has a great mentality, he carried the Wales team, he carried the Tottenham team when he was here, winning games on his own. He is exactly what Spurs need. This is one that everyone is very excited about.
“He has still got that speed and once he gets going you can't catch him. He scores goals, makes goals, he does it all."
Anderton believes that Bale will return to Spurs not only with a winning mentality – having won 13 trophies, including four Champions League titles with Real Madrid – with a supreme mentality.
“I think he is going to be a different player, mentally he will be even stronger because of what he has had to deal with at Real Madrid. He has had to take a lot of stick and has got on with it.
“Coming to Spurs, the expectation will be what he enjoys but he will not get carried away. I don't think he has anything to prove.
“He has shown them every year that he is one of the best players in the world and should be playing for Real Madrid. Hopefully Tottenham will be able to benefit from it.”