Madrid and Modric reach agreement

According to the Daily Mirror, Tottenham Hotspur midfielder Luka Modric has agreed the terms of his contract with Real Madrid.

“Everything has been resolved satisfactorily. Luka and Madrid agree on everything,” a source close to the player is quoted as saying.

It is understood that Spurs have already rejected a €38m offer from Chelsea for Modric and will ask for €50m if he is transferred to a club outside the Premier League, although if he did stay in England then the figure would rise to €56m.

However, Los Blancos President Florentino Perez is confident he can persuade his White Hart Lane counterpart Daniel Levy to do business for the 26-year-old Croatian, who is believed to have been offered a four-year deal at the Santiago Bernabeu.

Madrid are aware that Modric has no intention of joining the rest of Andre Villas-Boas’ squad when the club’s international players report back for pre-season training on July 17, yet any negotiations will need to be conducted through the player’s agent Mario Mamic, who the Croatian Press reports will receive the 5 per cent commission that should go to Dinamo Zagreb where Modric came through the club’s youth academy.

It so happens that Mamic is the son of Dinamo’s executive manager Zdravko Mamic and the matter has caused something of a stir in Croatia.

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