Blues boss hinted that Benayoun could do a job in the middle of midfield if his bid for the Croat is unsuccessful, and admits the price wanted by Spurs is "incredible"
The Blues have been chasing the Croatian midfielder all summer, with their pursuit fueld by the Spurs man handing in a transfers request at White Hart Lane.
But their £27 million bid two weeks ago was dismissed out of hand by the north London club and Villas-Boas admits it will take "incredible" money to entice the midfielder to Stamford Bridge.
"You know what the situation is, it is public," he told reporters after his side defeated Portsmouth 1-0 in a pre-season friendly. "You can understand the position that the club has taken.
"At the moment we are scanning the market for everything and not just those two players. [Modric plays in] one of the positions we are looking to strengthen.
"But here you saw we adapted Yossi [Benayoun]'s position in the middle and also against Wycombe he was marvellous in the position.
"It is just a question of finding the solution. If it happens it happens, if it doesn't happen it doesn't happen."
The Portuguese boss added that the ball is now n Spurs' court, but hinted that if a deal isn't done soon, he will move on to other options.
"It does not depend on us. Spurs have a right to defend their player and property. We just have to wait," he added.
"We respect whatever position Tottenham takes and the prices we are talking about is an incredible amount of money."