Bale is being heavily linked with Real, who are making a concerted effort to land the Welshman this summer.
“My relationship with Bale is very good”, Modric told reporters.
“But I don’t want to talk about players who are not at this club. All I will say is that he is a great player.”
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.