Whether or not this is true—although we do know the player himself has admitted it's "hard" to settle there—a source close to the player claims a move back to the English Premier League would interest the Croatian, so where could he land?
Let's have a look at the (frankly) limited options.
Manchester United have a clear need at central midfield and will be eyeing up a move for reinforcements this summer.
Paul Scholes is in his last season, but even if he was carrying on there's a real lack of a physical presence such as a Victor Wanyama or a Kevin Strootman.
The Red Devils will have the luxury of choice in June when it comes to picking from five or six superb options, but Modric is unlikely to be one.
The Croatian plays a lateral game, and it's not creativity Sir Alex Ferguson's side lacks.
Would anyone rule out a return to Luka Modric's former club?
They've got a fair amount stashed away and could easily reacquire the Crotian if Gareth Bale was finally snared by Real Madrid this summer.
Modric was happy in North London and could well be tempted to move back to the place he was once a hero. When you're as good as he is, fans quickly become forgiving.
Would he really?
There is no loyalty in football anymore, and Arsenal have the financial clout to land a Luka Modric-esque player should they ever choose to spend it.
When Abou Diaby's fit, the Gunners have one of the better central midfields in the English Premier League, but when he's not (and he's often not), Arsene Wenger's team look one man short of a great team.
Modric would go a long way to making Arsenal elite again, but would the player be up for a project that isn't missing the final piece?
One month ago, the suggestion that Chelsea should revive their interest in Luka Modric would have been ludicrous.
Now, with Frank Lampard very likely leaving in the summer (via The Daily Mail), a creative slot in their midfield is open to interviews. The Croatian would fill in very nicely for the Blues, and while he's not the goalscoring presence "Lamps" has been over the years, he's a good filler.
On financial and suitability terms, Modric's best fit is at Chelsea.
Manchester City were clearly worried about their central midfield situation this summer, and things haven't really changed for the better since.
The August additions of Javi Garcia and Jack Rodwell have hardly made a splash, and in the case of Rodwell, created more issues.
The depth at central midfield is worrying for Roberto Mancini, and Yaya Toure leaves a positively huge footprint for others to step into. Luka Modric is one player who can step into the limelight and make a big impact at the Etihad Stadium.