It would take much more than Chelsea's reported bid of £22 million to prise Luka Modric away from Tottenham Hotpsur, according to the player's agent.

18126 - Modric worth more than £22m - agent

Chelsea had a bid for Modric rejected out of hand by Spurs within two hours of it being received on Wednesday night, but the Blues are expected to return with an improved bid.

Chelsea owner Roman Abramovich is looking to rebuild the squad at Stamford Bridge while simultaneously reducing its average age, after a relatively disappointing campaign which saw the club lose out to Manchester United in both the Premier League and Champions League.

At 25, Modric would appear to fit the bill on both counts, although Spurs manager Harry Redknapp has previously insisted that club chairman Daniel Levy has vowed not to sell the Croatian playmaker this summer at any price.

However, Modric's agent, Nikky Vukan, hinted that a deal could still on the cards if decent bid was received.

"Luka is happy at Spurs but if an offer came in that was acceptable to the club and player, we would be willing to discuss it," Vukan told the BBC. "In my opinion, £22 million is a valuation that is too low for the player."

Modric has been heavily linked with a move away from White Hart Lane this summer after the club failed to secure qualification for the Champions League, and has hardly distanced himself from such speculation with some of his recent quotes.

"I'm a Tottenham player and will be in London on July 7 to begin preparing for the season," Modric has been quoted as saying. "But I want to say that transfers could occur later. In England it is often the case they happen on the last day of the transfer period, August 31.

"So it is pointless to worry about anything now. If my situation changes after the start of preparation it would not be a problem."

The Croatian playmaker joined Tottenham from Dynamo Zagreb in 2008 for a fee in the region of £16 million.