Atlético Madrid President reveals negotiations

Atletico Madrid are still looking to reinforce their squad in the January transfer market, with Racing Club suggesting that they've turned down the Rojiblanco's 12 million euro offer for striker Lautaro Martinez.

Diego Costa and Vitolo are already set to join Diego Simeone's squad, but the Argentine forward could become a third winter addition.

"There was an offer from Atletico Madrid for 12,750,000 euros with 10% of any future sale, but it was rejected," club president Victor Blanco told newspaper Ole.

Club bosses have assured fans that Martinez will not be going anywhere in January and will be part of Racing's squad for the Copa Libertadores.

The Argentina U20 international has also been linked with Monaco and Borussia Dortmund.