Racing Club president Victor Blanco has claimed that young striker Lautaro Martinez isn’t going anywhere, amid interest from Arsenal and Atletico Madrid.

Martinez had been the subject of interest from several European clubs, including the likes of Arsenal, Atletico Madrid, Monaco and Real Madrid.

According to talkSPORT, Atletico were the closest to signing him and were on the brink of agreeing a £10.75m deal to bring him to Spain in January.

However, Racing Club’s president Victor Blanco has revealed that the bid was rejected, and that Martinez will be staying in Argentina until June at least.

“We received an offer from Atletico of €12.75m, plus a 10 percent surplus value of a future sale, for Lautaro Martinez but Racing turned it down,” he told Fox Sports Radio Sur.

“We want to get together on Monday or Tuesday with Lautaro’s agent to discuss this and make a definite decision.

“I spoke with him and I can guarantee that Lautaro is going to continue with us until June.”

Martinez has missed several games for Racing with a fractured metatarsal, but has been in good form upon his return. He currently has three goals in five games this season.

While he’s been billed as an Arsenal target, signing players from South America is difficult for English clubs. The Gunners don’t sign many from that region due to the difficulty in obtaining a work permit.

Martinez has yet to play for the Argentina first team, and would therefore not quality automatically for a permit. If Arsenal wanted to sign them, they would have to loan him out.