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Modric saga to end after Real Madrid's £40 m bid, Moutinho to replace him

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The Luka Modric transfer debacle seems to be edging closer to an end after the Telegraph reported that Spanish champions Real Madrid have decided to splash their cash again by tabling a whopping £40 million bid for the Croatian. The playmaker was always thought to be on his way out of the White Hart Lane after Spurs missed out on a possible Champions League spot after arch-rivals Chelsea surprisingly won the Champions League.

The 26 year old is a much wanted star with top clubs like Real Madrid, Chelsea, Manchester United and Paris Saint Germain all reportedly keen on signing the Croatian playmaker. However, of late, interest in the player seemed to have cooled off, only for the silence to be broken with this massive £40 million offer. Real Madrid were looking the favourites to sign Modric ever since they joined the running. Also, Chelsea had decided to move for Brazilian starlet Oscar instead and Manchester United had dropped out much sooner having been put off by the high transfer fee demanded by Tottenham Chairman Daniel Levy.

Also with Tottenham not particularly keen on Modric joining a fellow Premier League club, there was always a greater likelihood that an international bid would be given a preference. Also with the player himself not particularly interested in moving to the French League with PSG, Real Madrid seemed the only viable option. And now Modric looks all set to become part of the new Galacticos era at the Santiago Bernabeu even though the offer still doesn't match Daniel Levy's valuation of £50 million.

Modric's departure could and perhaps would mean the arrival of Portuguese midfielder Joao Moutinho at Tottenham. Although the Porto star is keen on reuniting with his former boss Andre Villas-Boas at White Hart Lane, the club's £30 million asking price could be a stumbling block. New Tottenham boss AVB recently stated about the player that, "He was one of the most important players of Euro 2012, he had a fantastic tournament, and he's an important player for Porto. It doesn't mean that it's the only target, but if something happened of course he's the player we look on with interest."

However, the high price demanded is expected to reduce to a more realistic value should Tottenham make an official inquiry. And it only seems a matter of time when the double move happens: Modric to Real Madrid and Moutinho to Tottenham.