Atletico Madrid are settling terms for Racing striker Lautaro Martínez.

Ole reports Atlético sporting director Andrea Berta has travelled to Buenos Aires to seal a deal for the 20-year-old for a fee in the region of 12 million euros.

The player's agent, Rolando Zaraté, has also given the preliminary green light for the operation to go through.

Atlético have moved to tie up the transfer as quickly as possible after opening initial talks in August with other European clubs, notably AS Monaco, also keeping tabs on Martínez.

Zaraté also took the opportunity to discuss two other Racing players while he was in town, 22-year-old forward Pablo Cuadra and 19-year-old midfielder Matías Zaracho.