Alejandro Camano has confirmed a deal to 2029 has been verbally agreed.
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Lautaro's new deal is worth €10m-a-year, including bonuses.
Camano told TMW: “No problem, we are very happy. Everything is fine.
"I work for Lautaro and Lauti's decision is always very important for me."
On the date of an announcement, he added: “Inter and Lautaro will decide when the time comes.”