"Arsenal" and "Chelsea" are seriously interested in "Real" midfielder L. Modric. © EuroFootball.com

Reports have appeared in the English and Spanish press that two London clubs are targeting Real Madrid midfielder Luka Modrić.

It is reported that "Arsenal" and "Chelsea" intend to make offers to the Spanish vice-champions this summer.

The 28-year-old footballer arrived at "Real" in 2012 and cost the club 33 million pounds sterling. Modrić had a difficult first season, but now he is in great athletic form and is almost irreplaceable.

"Arsenal" is ready to pay around 40 million euros. Meanwhile, "Chelsea" is tempting Real with a swap deal, offering midfielder Oscar in return.

This season, in 44 matches played, Modrić made eight assists and scored two goals.