Karetsas price set at €40m as Milan hope Borussia Dortmund back down

Karetsas price set at €40m as Milan hope Borussia Dortmund back down Milan are still in the fight for Greek international teenager Konstantinos Karetsas, as KRC Genk turned down the latest Borussia Dortmund offer of €30m plus add-ons, setting the price at €40m. The Rossoneri were trailing in this transfer race , as Borussia Dortmund sent representatives to Belgium for in depth negotiations with the club. Milan battling Borussia Dortmund for Karetsas UTRECHT, NETHERLANDS – JANUARY 22: Konstantinos Karetsas of Genk runs with the ball during the UEFA Europa League 2025/26 League Phase MD7 match between FC Utrecht and KRC Genk at Stadion Galgenwaard on January 22, 2026 in Utrecht, Netherlands. (Photo by Lars Baron/Getty Images) According to Sky Sports Deutschland reporter Patrick Berger , the most recent proposal was worth €30m plus a further €5m in add-ons, and a 20 per cent cut of the future sale fee. However, it was rejected, as Genk are holding out for €35m plus €5m in add-ons, and it doesn’t seem for now as if Borussia Dortmund are going to make an improved bid. This lets Milan know what they must do in order to get an agreement over the line, namely offer €40m including add-ons. The creative midfielder is also on the radar for Galatasaray and Paris Saint-Germain after a season where he contributed three goals and 18 assists in 49 competitive games. Karetsas came up through the KRC Genk youth academy and had represented Belgium at various youth levels before being called up for the senior Greece squad.