Preheat the oven to 350°F (175°C).
In a large mixing bowl, combine peanut butter, granulated sugar, and brown sugar.
Add the egg and vanilla extract to the bowl; mix until smooth.
In a separate bowl, whisk together the flour and baking soda.
Gradually add the dry mixture to the wet ingredients, mixing until just combined.
Fold in the chocolate chips gently.
Scoop tablespoon-sized amounts of cookie dough onto a baking sheet lined with parchment paper.
Drizzle caramel sauce over each dough ball.
Bake for 10-12 minutes or until the edges are lightly browned.
Allow cookies to cool on the baking sheet for 5 minutes before transferring them to a wire rack.