The former Tottenham star is seen as an ideal addition to a youthful Bayern Munich midfield and the German champions-elect are ready to offer in the region of £27m to land the 32-year-old.
Whether Zidane would consider that to be a reasonable offer for the Croatian remains to be seen, with Modric still first choice in Los Blancos’ starting XI. He also remains under contract at the club until 2020 following a £30m move from Tottenham back in 2012.
However, Zidane may try and use him as part of a mega-bid for Poland striker Robert Lewandowski, who has long been linked with a move to the Spanish capital.
Arsenal have reportedly held talks with Dennis Praet's agent and could make a £22million move for the Sampdoria midfielder this summer.
Gareth Bale could leave Real Madrid this summer despite proving to be the match-winner during Saturday's Champions League final.