The Croatian maestro is running out of contract at the Santiago Bernabeu with his current deal set to expire at the end of the season.
Luka Modric has provided assurances over his Real Madrid future saying the contract negotiations are “going in the right direction.”
Modric has been a key part of the Real Madrid team ever since his arrival from Tottenham, playing a crucial role in their Champions League conquests and La Liga successes in the previous decade.
The 35-year-old, as things stand, however, will quit the club for free after this season with his contract set to expire in June.
After his Ballon d’Or win last year, an automatic 12-month extension was triggered on his current deal which was originally due to run out in the summer of 2020.
Reports have claimed there is an agreement in place for another one-year renewal for the Croatia international, but with a slight salary reduction this time as Real Madrid look to cut costs in time of financial crisis.
Asked about his contract situation ahead of the Supercopa de Espana semi-final, Modric replied, via Goal: “I can’t say much. I’m speaking with the club and everything is going in a good direction.
“I haven’t changed anything in particular. I’m working a lot outside of training, I have the same desire to compete, the years are no problem at all.”