Luka Modric is ready to drastically reduce his salary to stay at Real Madrid

Luka Modric is ready to accept a drastic reduction in his salary in order to stay at Real Madrid, informs Cadena SER radio.

Real Madrid are facing a new salary cut, and the Croatian has informed the club's management that he is ready to accept a serious pay cut.

Modric's contract with the "royal" club expires at the end of the season, but the agreement is expected to be extended for 12 months - until June 30, 2022.

The 35-year-old footballer has offered President Florentino Perez to reduce his salary by "as much as necessary" due to the crisis caused by the COVID-19 pandemic.

Modric is one of the most used players this season by Zinedine Zidane.