Chelsea tried desperately last summer to land the Croatian international last summer but Tottenham were adamant the playmaker was going nowhere.
Manchester United have also been linked with the 26-year-old in the past, but chairman Daniel Levy's insistence that he wasn't for sale has been vindicated by his form this season, which has put Harry Redknapp's men in contention for the coveted fourth Champions League spot.
City boss Roberto Mancini may have practically unlimited funds available to him to strengthen his squad in the summer, but Modric appears one target he won't be getting.
The Italian said: "Luka Modric is an outstanding footballer, a great player. He is definitely one of the best in the Premier League.
"It is by no means easy to get him because he plays for a big club, Tottenham. It is unlikely that they would let him leave.
"We are lucky to have another great player from these parts in Edin Dzeko.
"I have worked with quite a few players from these parts - not just Croatians, but Bosnians, Serbs and Montenegrins.
"I have many friends among them and I am very proud of it.
"They are really something special and they mostly play with invention and creativity."
To put his comments into context, Mancini was asked the questioned about Modric during a trip on his 'pilgrimage' to Bosnia this week, but even so his remarks could set a few alarm bells ringing at White Hart Lane.