Thursday's win caps off a stellar 12 months for the 32-year-old, who also won the Golden Ball for his performances in helping Croatia finish as runners-up at the World Cup in Russian Federation.
Modrić was elected by the voices of 55 journalists from each UEFA member state, plus 80 coaches of clubs who played in the Champions League and Europa League previous year.
Thursday night was a big one for European football, with the Champions League draw for the 2018/19 campaign taking place in Monaco.
Modric, meanwhile, was seen as the brain behind Real's four trophies and was named the Player of the Tournament at the Club World Cup as well as the 2018 FIFA World Cup, where his team Croatia finished as runners-up. He scored 15 goals, and carried Madrid on his back to conquer the Champions League once again.
Mendes' thoughts were echoed by Juventus chief executive Giuseppe Marotta, who brought Ronaldo to Turin in the summer's biggest transfer.
"I would like to dedicate this to my coaches and my team-mates, " said Modric.
KDHE: Most of Kansas at 'high risk' for West Nile Virus
The Montana Department of Health and Human Services reports the first West Nile Virus-related death in the state since 2016. West Nile is a virus that comes from being bitten by an infected mosquito, which gets infected by feeding on infected birds.
Jaguars' Jalen Ramsey Not Impressed By Rob Gronkowski
He reached the highest tier of payment, on account of making the First Team All-Pro, which set him up to be due for a pay cut in 2018.
IMDbPro launches Android app for entertainment pros
Google discovered a man-in-the-disk exploit that would have allowed malicious apps to essentially take over the Fortnite launcher. While the tablet interface was rolled out to select Android users, the support will now be available for all users.
"As I have always said, I am at the best club in the world, where I want to be".
Real Madrid's Croatian midfielder Luka Modric in action against Villarreal at the Santiago Bernabeu Stadium in Madrid.
The best women's player award was won by Pernille Harder of Denmark and Wolfsburg.
There was also an award for David Beckham, the former Manchester United, Real Madrid and England star collecting the UEFA President's Award for his achievements in the game and his work since retiring as a player.