Modric did not feature in Tottenham’s 3-0 loss to Manchester United, with Redknapp says his “head wasn’t in the right place”.
The manager believes that they need to resolve the situation and possibly off the Croatian a new contract.
“The chairman has to sit down and have a chat with him,” said Redknapp.
“They probably fell out a little bit over that first meeting.
“If they can have a meeting and resolve the whole situation and Daniel tells him we need him, he is important and that we are ambitious and will bring one or two players in, you might find the boy will be okay.
“The chairman has also said he will look at his contract in a month or two. He told me he would do that.”