Chelsea FC, Man Utd, Real Madrid CF told to pay £40m for Luka Modric – report

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Chelsea, Manchester United, and Real Madrid, who have all been linked with Luka Modric, will reportedly have to pay £40million to sign the Tottenham playmaker this summer.

All three clubs have been linked with Modric for some time, with Madrid the huge favourites to win the race to sign the 26-year-old.

Los Blancos are yet to finalise a fee with Spurs for the Croatia international, but it is believed he has already agreed personal terms and will sign a four-year deal with Jose Mourinho’s side subject to a price being agreed and him passing a medical.

It has been widely reported over the past few days that Tottenham are wanting £35m for Modric, but on Friday afternoon Press Association Sport reported that the north London club are actually looking for a fee closer to £40m.

Real Madrid president Florentino Perez had on Friday morning been quoted by the Daily Mirror as saying the Spanish giants were only prepared to pay £27m, potentially hampering the chances of Modric getting his dream move to the Spanish capital.

Paris Saint-Germain have also shown interest in Modric, who new Tottenham manager Andre Villas-Boas earlier this week revealed is the subject of interest from three clubs.

“There has been continuous interest from three different clubs,” said the former Chelsea boss.

“But it’s important for Tottenham to hold onto their rights. His situation will continue as it is until the price is right.

“Luka is an intelligent person and understands the club has to defend his value their values, rights and interests.

“But the offer has not been met to what the chairman wants. If that is met there won’t be any problems.”