Florentino has been reluctant to lose the veteran, knowing Modric was considering leaving for much of this campaign.
Don Balon says the president has now decided to drop plans of talking the Croatia midfielder out of departing. At 33, Modric feels it's time for a new challenge.
Florentino will seek €60m to sell Modric this summer. And for his part, the midfielder now favours Liverpool, having been won over by their run to the Champions League semis this season.