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16/07/2012 - 09:12 BST

Tottenham Hotspur and Real Madrid Just €2M Apart in Luka Modric Talks

Monday, 16th July, 2012

Agreement between Tottenham Hotspur and Real Madrid for the transfer of Luka Modric has edged closer after the two clubs engaged in a round of further talks, according to Spanish daily Marca.

Spurs have indicated that two options would be acceptable: either €40M in cash or €35M plus a further €7M to come in add-ons dependent upon Modric’s performances at the Bernabeu and Real Madrid’s displays in his time at the club.

Los Blancos have firmly rejected the first option, with a straight €40M transfer fee deemed too expensive in the Spanish capital.

However, a €35M fee plus add-ons is acceptable in Madrid, but only if the add-ons are dropped to €5M instead of €7M.

Now just €2M separates the two clubs from coming to an agreement over Modric – a small obstacle that is expected to soon be overcome.

The Croatian playmaker himself has already agreed a contract with Real Madrid and he will earn €4.5M net per season.

Only three players at the Bernabeu will earn more than Modric – these being Iker Casillas, Kaka and Cristiano Ronaldo.

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