The important midfielder has accepted Real Madrid's offer and will sign his new contract within the next few hours.
Real Madrid have announced via social media that Luka Modric will stay until the 30th of July 2020 at their club.
He will earn €8 million per season.
Modric joined Los Blancos in summer 2012 from Tottenham and has become a key figure in his team.
Official Announcement: Modric.https://t.co/TfYYjLJyOc#Modric2020 #RealMadrid pic.twitter.com/VbZDFnxfZe
— Real Madrid C.F. (@realmadriden) 18 de octubre de 2016