Real Madrid Sign Luka Modric From Tottenham Hotspur

The Luka Modric-saga has finally come to an end. Tottenham Hotspurs and Real Madrid have announced the deal on their websites after neither one of the teams has started the season off well. Modric is expected to sign his contract with Real Madrid today, pursuant to a successful completion of a physical.

This is Real Madrid's statement:

Real Madrid and Tottenham Hotspurs have reached an agreement for Modric's transfer. The Croatian player will remain with the club for the next five years. Both clubs have also signed a partnership deal.

Head after the jump to see Tottenham's official statement.

The Club can announce that it has signed a partnership agreement with Real Madrid FC and reached agreement for the transfer of Luka Modric, subject to medical, to the Spanish club.

The partnership agreement will see the two Clubs working together in respect of players, coaching, best practices and commercial relationships.

Real Madrid FC President, Florentino Perez Rodriguez, said, "The strong relationship and affinity between our two clubs has resulted in the cementing of a longer-term partnership and the successful transfer of Luka Modric. We are delighted to welcome Luka and look forward to working closely with Tottenham in the coming years."

Daniel Levy, Chairman, Tottenham Hotspur, commented, "Luka has been a terrific player for us and, whilst we preferred not to part with him, we are pleased that it is to Real Madrid, a club with which we now look forward to sharing a long and productive partnership."

Source

We will be analyzing how Modric's signing affects Real Madrid in these next few days. Stay tuned to Managing Madrid on Facebook and Twitter to get the latest.