Jose Mourinho is happy to exchange Brazilian star Oscar for Luka Modric this summer, according to Fifa agent Francis Gallardo.
Oscar has been in fine form for Chelsea this season, dislodging Juan Mata from the side, who was eventually sold to Manchester United.
As a result of his fine form, several clubs have been linked with moves for the 22-year-old including Paris Saint-Germain and Real Madrid.
The Parisian club were reportedly willing to test Mourinho's resolve by launching a £40m bid for Oscar while the latter were reportedly keeping track of the situation.
But according to Gallardo, Chelsea boss Mourinho is ready to do business with Real Madrid, so long as he gets Croatian playmaker Modric in exchange.
When asked about the swap deal, he told La Sexta: "This could be a possibility.
"Mourinho is a fan of the strong Real Madrid star. He knows Modric will be expensive and would be happy to exchange a pretty good player Chelsea.
"The player Mourinho wants at Chelsea is Modric and he is willing to include Oscar plus cash in the transaction."
Chelsea have held a long-term interest in Modric, originally courting him in the summer of 2011 and inspiring the player to hand in a transfer request at Tottenham.
Modric eventually moved to Real Madrid where he grew into a crucial player under Mourinho. The Chelsea boss famously favours hard-working players like Modric, citing Mata's poor workrate as a reason he was sold.
Gallardo's quotes should be taken with a pinch of salt, however, as the Stamford Bridge legend has already said he would not entertain anything short of outrageous for the Brazilian playmaker Oscar.