Real Madrid are monitoring Luka Modric's situation at Tottenham. Its emerged Spurs will cash in on the star midfielder should they fail to qualify for next season's Champions League.

Modric has been waiting to open new contract talks for over a year and El Mundo Deportivo says Real have joined interested clubs monitoring developments at White Hart Lane.

Manchester United and Chelsea are also chasing Modric, who is viewed at Real as an ideal midfield foil for Xabi Alonso.