Daniel Levy is willing to sell the Welshman but only if his terms at met by Real Madrid.
Tottenham are willing to sell winger Gareth Bale to Real Madrid but only if they receive a world record fee and have Luka Modric back, the Daily Mirror reports.
Spurs chairman Daniel Levy is coming round to the idea of selling Bale but wants to get as much out of the deal as he possibly can.
That includes bringing back Modric, who left White Hart Lane for the Bernabeu last summer and has struggled to break into the Spanish giants first team.
Manchester United are considering making a move for Modric as their bid to sign Cesc Fabregas begins to wane but Madrid will more than likely look to sell Modric to Spurs just to be able to land Bale.
Levy had adopted a hard line stance to Real’s interest in Bale but that has now soften as the Spanish giants continue to up their price.
Along with Modric, Real would pay a world record fee, thought to be around £85 million, an astronomical amount that would enable Spurs to re-shape their squad.
The club think that Modric would relish the chance to move back to White Hart Lane and link up with Roberto Soldado, who looks set to move to North London from Valencia.