Croatia's Luka Modric

Transfer news: The north Londoners are going to hold out for a fee, believed to be in the region of £35million

Tottenham head coach Andre Villas-Boas has insisted that the club will not sell Luka Modric unless they receive a suitable fee.

The Croatia international has been linked with Chelsea and Manchester United but Real Madrid look to be the favourites to sign him.

“There has been continuous interest from three different clubs in Luka,” Villas-Boas confirmed.

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

“It’s important to understand his feelings. We have been speaking and I understand his point and he understands the club’s point.”

The Portuguese boss insists that the club are still on good terms with Modric.

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

“It’s a difficult situation for the club but we have been co-operative by openly saying we are willing to listen to offers.

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