Tottenham midfielder Luka Modric would command a transfer fee of more than £22m, according to his agent.
Chelsea have reportedly bid that figure for the 25-year-old Croat and had it rejected by their London rivals.
"Luka is happy at Spurs but if an offer came in that was acceptable to the club and player, we would be willing to discuss it," said agent Nikky Vukan.
"In my opinion, £22m is a valuation that is too low for the player."
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