Modric to demand short contract as he understands Madrid's tough economic situation

Luka is happy to extend his deal even if it's for one year only.

Real Madrid want to extend Luka Modric's deal by an additional year and the player is happy to stay, reputable Fabrizio Romano reports.

The midfielder won't ask for a longer deal as he understands the club is having a difficult time in terms of finances.

Modric's current contract with Los Blancos expires next summer.

This term so far, the 35-year-old has registered three goals and one assist in 20 matches for Madrid.