Borussia Dortmund's offer for Lautaro Martinez arrived late - Racing chief

Borussia Dortmund's offer to sign Lautaro Martinez "has arrived too late" with Racing Club set to honour their agreement to sell him to Inter Milan..

"We received an offer from Dortmund [on Monday] but Racing can't do anything because we already have a deal in place with Inter and we will respect what we agreed," Racing Club president Victor Blanco told Argentinian radio Radio Continental.

"I also think the player has everything done with Inter. I really don't see any chances of that being modified. I don't think there is any other destination for Lautaro than Inter."

Under contract with Racing until June 2020, the 20-year-old striker, who was also a target of Atletico Madrid, is expected to leave the South American side in June.

Blanco said Racing made a wise decision to turn down Atletico's €12.75 million offer for Martinez back in December.

"We never wanted to sell the player and we often spoke to the player's agent and thanks to those conversations they listened to us and the player did not leave for the €12m that Atletico offered back then," Blanco said.

Blanco admitted he would have preferred to sell the player this summer.

"For us it would have been better that Lautaro went to the World Cup and then sold him because they would have paid €50m or €60m for him," Blanco told TyC Sport. "But it's going to be very difficult for us to keep him beyond June although there is still a glimmer of hope."

Racing would not let Martinez leave for less than €20m and Blanco confirmed that the fee agreed with Inter surpassed that.

"The only figure we know from the [Inter] deal is that of $27m before tax plus a 10 percent on a future sale," Blanco said. "We will then have to deduct the fee for [Martinez's former club] Bahia Blanca, who own 20 percent of the player's rights."

Martinez scored nine goals in 23 Superliga Argentina appearances for Racing last season.

He has shone in this campaign too, and recently earned his first call-up to the Argentina squad.

Martinez is currently in Manchester with the Albiceleste preparing for the upcoming international friendlies against Italy and Spain.