Tottenham Hotspur have confirmed the club has reached an agreement with Spanish club Real Madrid over the sale of Luka Modric, bringing one of this summer's most drawn-out transfer sagas to an end.
"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," a statement on Spurs' Web site read.
Spurs' chairman Daniel Levy has been in a tussle with the La Liga champions over an appropriate transfer fee for a few weeks now and it seems the two clubs have finally reached an agreement, after several false starts.
"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," Levy commented, after confirming the move. The deal also includes partnership agreements, with respect to players, coaching, best practices and commercial relationships.
"The strong relationship and affinity between our two clubs has resulted in the cementing of a longer-term partnership and the successful transfer of Luka Modric. We are delighted to welcome Luka and look forward to working closely with Tottenham in the coming years," stated Madrid president Florentino Perez.
Modric joined Spurs in 2008 from Dinamo Zagreb and has made 160 appearances since then, scoring 17 goals and providing 26 assists.
Spurs Fail with Willian Bid
Meanwhile, Ukrainian club Shakhtar Donetsk have rejected an £11.8m bid from Tottenham for midfielder Willian, Sky Sports reports.
The north London club were hoping to make the Brazilian playmaker a replacement for the outbound Modric and manager Andre Villas-Boas has been open about his desire to sign the player he started tracking while still with Chelsea.
However, despite negotiations and Spurs' strong interest in the 24 year old, Shakhtar have rejected the initial bid and are holding out for a bigger fee. The player himself has spoken about his desire to quit the Ukrainian Premier League.
"I don't regret having come here, but I regret what's been going on with this situation. Chelsea tried to sign me, now Tottenham, so I have to rethink," Willian pointed out.
Spurs have also failed with an £8m bid for Malaga midfielder Isco, according to the Metro.