On a personal level, Modric had already been named UEFA Men's Player of the Year, won the Golden Ball at the World Cup as the tournament's best player and had been awarded the Best FIFA Men's Player prize prior to collecting his Ballon d'Or gong on Monday.
Nike are seemingly looking to cash in on Modric's success and build a campaign around him by releasing items such as limited edition boots to commemorate his achievements.
Ronaldo finished second in the standings, ahead of Antoine Griezmann and Kylian Mbappe, while Messi finished a distant fifth, his lowest placing since 2006.
Modric and most of Real Madrid's other stars were rested on Wednesday for the Copa del Rey win over lower league Melilla. The second leg clash was won 6-1 by Los Blancos, with Marco Asensio, Isco and Vinicius Junior among the scorers, resulting in a 10-1 aggregate victory.
Real will be back in action in La Liga on Sunday when they travel to Huesca.