Borussia Dortmund's attempt to sign Argentine striker Lautaro Martínez have come to an end after Racing Club president Victor Blanco confirmed that the German side's offer for the 20-year-old "arrived too late."
Blanco insisted that Racing would honour an agreement with Italian outfit Internazionale that will see Martínez move to San Siro for roughly €22m.
The Racing striker has become one of the most sought-after players in the world over the last few months, with Atlético Madrid trying their luck at signing Martínez for €12m back in December.
However, the Argentina U20 international is set to put pen to paper on a deal at the San Siro during the summer after agreeing to personal terms with Inter during the last week.
"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," 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."
Inter signing Lautaro Martinez for less than €20m is already the best business any club will do this summer.— Mac (@MackenzieCFC) March 20, 2018
The Racing president later confirmed details of their agreement with Inter, confirming that the Superliga Argentina side would receive a 10% sell-on fee on top of Martínez's initial transfer figure - estimated to be €22m.
"The only figure we know from the [Inter] deal is that of $27m before tax plus a 10 percent on a future sale," Blanco added, quoted by ESPN. "We will then have to deduct the fee for [Martinez's former club] Bahia Blanca, who own 20 percent of the player's rights."