Spurs have rejected Real Madrid's offer of two players in exchange for the Croatian midfielder as they hold out for his full valuation in cash. Should the Spaniards pay up?POLL
Luka Modric seems certain to leave Tottenham this summer for Real Madrid, but only if the Premier League club get exactly what they want for the Croatia international.
Goal.com exclusively revealed on Wednesday that Spurs had rejected an offer from Madrid that would have seen Nuri Sahin and Ricardo Carvalho move to White Hart Lane in exchange for the 26-year-old.
Tottenham chairman Daniel Levy has valued the Croatian at £40 million and, after rejecting strong advances from Chelsea a year ago, it would not be a surprise to see Madrid rebuffed if they do not stump up the cash.
Los Blancos have been long-term admirers of Modric and had a £31m offer rejected earlier this summer as Jose Mourinho looks to add to his squad ahead of defending their Liga title defence next season.
Modric refused to travel on Spurs' pre-season tour of USA and was also absent from training when required at home, but has since apologised for his actions and resumed preparations at Tottenham's Chigwell base.
A side who are also interested in the playmaker - and would be able to match the north London club's evaluation - are Paris Saint-Germain.
The big-spending Ligue 1 side have also been eyeing Modric as they look to dominate French football and make an impression on the Champions League, following the signatures of Zlatan Ibrahimovic and Thiago Silva from AC Milan.
It is thought that the former Dinamo Zagreb man is not particularly interested in a move to Paris but, with a move to the Spanish champions stalling and Spurs likely to block any swoops from fellow Premier League clubs, a switch to Carlo Ancelotti's side may provide a way out.
Spurs are adamant that Modric is worth the £40m price tag and are refusing to budge, but do you agree with the estimation? The Croatian has been a top performer at White Hart Lane since his arrival in 2008 but does that justify a multi-million-pound move, with the north Londoners having only secured one season in the Champions League while the 26-year-old has been pulling the club's strings in midfield?
We want to know your thoughts, so vote in our poll, leave your comments below or get in touch via Facebook and Twitter!