It wouldn't surprise me in the least if Levy has told the little fella he can go either in January or next May and in the meantime keeping the pot warm over at Chavsea and working out who to spend the £40m on when the deal is finally done.
But to fulfill the deal Modric will have to continue to impress the Chavs so that they still want him (to replace old Frank). Course he'll give it some. It's in his (and his agents) interest. Unless he's as thick as Marmite (no disrespect to Marmite)