Modric was keen to leave Spurs in the summer but Levy insisted the Croatian playmaker would not be sold at any price and, true to his word, turned down increasingly large offers - reportedly of £22 million and £27 million - from Stamford Bridge. Redknapp said there was a final offer of £40 million on deadline day.
Redknapp feels Modric can now focus on playing for Spurs and although the 26-year-old is already tied to a long-term contract, is anticipating an improved contract for Modric.
"Luka will just get on with it - the chairman will sit down and discuss his contract and make a deal," said Redknapp.
"We are looking to make him a good offer. The transfer window being shut now makes my job easier because he has to just get on with playing."
Redknapp also confirmed that Giovani Dos Santos wanted to leave Spurs during the summer but the Mexico international, who has spent loan spells at Ipswich, Galatasaray and Racing Santander, refused a move to Udinese.
"Gio wanted to move. But we couldn't let him go. We had a £13 million offer from Udinese for him," Redknapp said.
"It was £10 million down and £3 million do-able bonuses. A big sell-on. He wouldn't go. He wanted to go to Seville who were offering €3 million. You can't blame the chairman for not letting him go."
"Only him and Luka are here now out of the lads who wanted to leave."
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