Tottenham are keen for Modric to put pen to paper on a new contract following his public courting by Chelsea this summer.
The Croatian may have upset many Spurs fans by requesting a move to the Blues, but Redknapp thinks the playmaker deserves to be rewarded for his displays this term.
“I’m sure the chairman will do a new deal and look after him. Hopefully that will happen,” Redknapp said.
“You’ve got to look after him, he’s a top, top player. If he’s worth £40million, then he must be worth decent wages.
“He has to be on good money because he’s a fantastic player.”
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