“It’s one of the biggest clubs in Europe,” he said, “You can’t be satisfied with mediocrity; you have to set yourself the highest possible goals: winning titles and competing with the best teams in the world.

“That’s why I’m here,” added Modric, who turns 40 on September 9.

The Croat said Portugal striker Rafa Leao is “a great” and represents “the future of this club”.

He added that “age does not count, and only love is needed”.

The contract has an option for another year, until June 30, 2027, Milan said.

Meanwhile, a legal bid to halt the controversial revamp of Milan’s iconic San Siro stadium was turned down on Wednesday, when the local Regional Administrative Court (TAR) rejected a petition for the city council’s sale of the site to Serie A giants Inter and AC Milan to be suspended.

The petition was made by Sì Meazza committee, which is opposed to the project that would see much of the San Siro torn down to make room for a new home for the clubs.

The plan has drawn much criticism, including from British director Ken Loach.

“I share your horror at the prospect of losing the San Siro stadium,” wrote the 89-year-old filmmaker earlier this year in a letter to Lucia Tozzi, an Italian town-planning expert and journalist who is also unhappy about the project.

“It is hard to believe that the San Siro stadium is in danger,” the letter continued.

“It is one of the greatest and most historic football stadiums in the world, respected by fans around the world.

“The thought that it will be destroyed is shocking and it must not be allowed to happen.”

ANSA