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Spurs & Madrid reach Modric agreement

Luka Modric is on his way out of Tottenham © PA Photos

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Luka Modric will fly to Spain on Monday in order to undergo a medical at Real Madrid after current club Tottenham announced an agreement with Jose Mourinho's side.

Reigning La Liga champions Real have been chasing Modric all summer and now finally look set to land their man after agreeing a deal with Spurs, which ESPN understands will total €37 million.

The transfer also includes a "partnership agreement" that will see future player and coaching exchanges between the two clubs, as well as friendly matches.

"The club can announce that it has signed a partnership agreement with Real Madrid FC and reached agreement for the transfer of Luka Modric, subject to medical, to the Spanish club," read a statement on Tottenham's official website.

"The partnership agreement will see the two clubs working together in respect of players, coaching, best practices and commercial relationships."

Daniel Levy, Tottenham chairman, commented: "Luka has been a terrific player for us and, whilst we preferred not to part with him, we are pleased that it is to Real Madrid, a club with which we now look forward to sharing a long and productive partnership."

Spurs will use the money from the Modric transfer to fund an improved bid for Shakhtar Donetsk attacker Willian, though the club may not be willing to go as high as the Ukrainians' asking price of £20 million.

A Tottenham source told ESPN: "We are going to replace Modric and the money is available. We are looking for a creative player and Willian at Shakhtar is someone who interests the manager Andre Villas-Boas."

Villas-Boas is also understood to be keen to sign one of his former players at Porto, Joao Moutinho, though the two clubs are believed to be some way apart in their valuation of the player.

Meanwhile, Jermain Defoe will remain at the club amid interest from QPR, with Villas-Boas content with having the England striker, Emmanuel Adebayor and Harry Kane as striking options. Spurs are also happy to keep hold of centre-back Michael Dawson despite accepting a bid from QPR for the player.

The source told ESPN: "The club are not desperate to sell him and would be happy if he stays but he understands the position that he is no longer first choice and might not get many games. QPR made a good offer, a very good one for a 28-year old. It is now up to Michael to see whether he goes or not."

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