Levy has had to sell cheap recently. How much has Huddlestone, Livermore, Sandro etc all been sold for. They've got rid of almost a whole team in the last couple of years. I can't imagine them getting big bucks for them.
If he has Modric and Bale he can hold out however if he's trying to get rid then he's in the same position as everyone else. i.e. The players have all the power and he wants them off the wage bill.
I'm sure other teams think the same about Bill getting the kind of money he has for Lescott, Rodwell, Fellaini, Jelavic and Aniciebie.