Tottenham and Real Madrid agree $50M Modric switch

English Premier League club Tottenham Hotspur and Real Madrid reached an agreement for the highly-anticipated transfer of Luka Modric on Monday, with the Croatia playmaker set to sign a five-year deal with Spanish champions.

Modric will undergo a medical before becoming Real coach Jose Mourinho's first signing since the 2011 August transfer window for a reported fee of $50 million.

The two clubs also announced a partnership which will see them work together with players, coaching, best practices and commercial activities.