However, Perez used a visit to Madrid's preseason camp in Miami on Thursday to tell reporters that "the only way Modric leaves is if they pay €750m" with Marca reporting that nobody at the Bernabeu has even considered the idea that the midfielder could leave this summer.
Maybe Cristiano Ronaldo won't be the only Real Madrid player who swaps Spain for Italy this summer.
Gazzetta says Modric's wife, Vanja Bosnic, has made contact with Inter to offer the midfielder to the Italians. Inter are under a bit of financial strain this summer and would risk falling afoul of UEFA's financial fair play stipulations if they were to purchase Modric outright, yet an initial loan deal with an option to buy would be a solution.
"They are thinking around Europe that Real Madrid is an NGO, and will give their best players to anyone who asks", Benito said.More news: Retailers Cash in on Sales Tax Holiday Weekend
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Such a high release clause means that Los Blancos hold all the cards on any potential Modric departure and Florentino Perez reaffirmed that the club wouldn't sell their prized asset for any less than the release fee. "He is the engine of the team, and nobody wants him to leave".
With Ivan Perisic, Marcelo Brozovic and Sime Vrsaljko already, Modric would be joining a stong contingent of Croatians that starred at the recent 2018 FIFA World Cup.
The Nerazzurri were also reportedly interested in signing Arturo Vidal from Bayern Munich only to see Barcelona take over as favourites for the Chilean.
Get the latest World Cup news updates. They will join up with their teammates later next week, when Julen Lopetegui and his squad return from their International Champions Cup in the U.S.