Modric turned in a superb performance in the goalless draw against Manchester United at White Hart Lane on Sunday, when Tottenham proved that while they lie in fifth spot, just a point off the Champions League places, there is little to choose between them and the Premier League leaders.
Redknapp insists Modric, who signed for Tottenham in 2008 and has confounded critics who labelled him a "lightweight", is one of football's brightest talents.
"We had the outstanding player on the pitch in Luka Modric," Redknapp said. "He was unbelievable. Magnificent. He's an amazing footballer, the little man takes the ball in the tightest areas with people around him, wriggling out of situations. He could play in any team in the world.
"You will play a tight ball in to Luka Modric with someone closing him but you might not play it to some other people for fear of losing the ball and then bang, it's in the back of your net.
"We believe we can hold our own with anybody. Tottenham is an improving team. We're in the top five all the time now. We're looking to get there and one day win a championship. That is the ambition of the club."
Source: PA
Source: PA