Spurs have confirmed that a deal selling want-away midfielder Luka Modric has been agreed with Real Madrid.
In a transfer thought to be worth £30 million, the Croatian international arrived in Spain on Monday to complete a medical ahead of signing a five-year contract with the Spanish champions.
A club statement announcing the deal read (via Totttenham Hotspur website):
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.
Modric moved to the London club in the summer of 2008 for a fee of £16.5 million from Croatian club Dinamo Zagreb and quickly established himself as one of the best and most sought-after midfielders in the English game. He played 160 games for Tottenham, scoring 17 goals.
Having being linked endlessly with a move away from White Hart Lane, with Chelsea coming the closest last season with a rejected £40 million bid, this move will finally bring an end to what has been a rough summer the last two years for both the club and the player.
In addition to the deal for the player, Tottenham also announced that it has signed a partnership agreement with Real Madrid, which will see the two clubs "working together in respect of players, coaching, best practices and commercial relationships."
Regarding the agreement and the move, Real Madrid FC president Florentino Perez Rodriguez had this to say:
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.