"Modric is the best middle three player in the world and if we win this World Cup, he deserves the Ballon d'Or", he said.
Last October, Lovren was taken off by Liverpool Manager Jurgen Klopp just half an hour into a game against Tottenham Hotspur at Wembley, when Kane scored twice in a 4-1 win for his side.
"From my point of view I had people saying I had a hard season but I don't agree with that", he told beIN Sports.
"I showed that I took Liverpool to the Champions League final and now with my national team we are in the final".
"But I like to challenge these strikers and to show to everyone that I'm one of the best defenders".
Lovren told CNN that they are a small country, only four million people and have big talent in their squad.More news: Doomsday cult leader, followers executed for 1995 sarin attack in Tokyo subway
He continued: 'This is something we will never forget.
"It was quite tough first half, we couldn't control the ball and they had some chances, but in the second half we did much better".
The Croatia global will be hoping to emerge victorious against France in the final, and the way he helped shut Kane down will give him confidence. We will never forget this.
"I am perfectly ready and fit, and I can say the same for my teammates".
Lovren will be hoping he can avoid the same fate as Henry by leading Croatia to World Cup victory against France this Sunday.
"But I think even now after 20 years people will remember us and not just the '98 team".
One player Lovren insists should garner the respect of football fans worldwide is compatriot and Real Madrid midfielder Luka Modric, urging FIFA to recognise his achievements and award him the Ballon d'Or.