Real Madrid coach Carlo Ancelotti insists Luka Modric is not for sale.

The former Tottenham midfielder has been linked with Arsenal and Manchester United this week.

"It is not true. All of the players are happy here. They are working well and we have not talked about transfers at all. It is not true that Modric is going. He is a very important player for us and he will be here this season," said Ancelotti.