Spurs chairman Daniel Levy hopes to put the matter to bed by handing Modric a new contract.
A source told the Mail on Sunday: "Daniel Levy has been adamant that the key players for Tottenham's long-term success - Bale, Lennon and Modric - will not be sold.
"The things that Luka said about Chelsea have created a bit of a mess but the Spurs fans will be happy to see him back. It needs all sides to sit down and discuss the way forward.
"'Apart from the one offer from Chelsea, there have been no further bids from anyone."