KRC Genk Rejects €35M for Karetsas as Dortmund Persists in Transfer Bid

KRC Genk is holding firm on a €35 million asking price for 18-year-old midfield prodigy Konstantinos Karetsas, while Borussia Dortmund remains locked in negotiations with a €30 million offer (including bonuses). Despite stalled talks, BVB’s sporting director Ole Gunnar Solskjær—who recently took over as technical director—continues to treat the transfer as a priority. Genk, currently 8th in the Jupiler Pro League with 0 points, has already rejected multiple Dortmund bids.

What’s Happening?

Karetsas, who shone in Genk’s youth ranks last season, is Dortmund’s top target to replace Julian Brandt, who left after his contract expired. According to Sky Germany, the clubs have agreed in principle on personal terms, but financial disagreements remain. Dortmund, which has already signed Jeremie Frimpong this season, sees Karetsas as the ideal long-term solution.

Why It Matters for KRC Genk

Genk, a club that values its youth academy, views Karetsas as a cornerstone for the future. A sale would provide a financial boost and signal the club’s willingness to sell talent—though manager Dirk Kuyt has emphasized selectivity in transfers. With the team sitting at 0 goals scored this season, the pressure to strengthen the squad grows.

What’s Next?

Dortmund, under Solskjær, has indicated it may increase its offer if necessary. Genk’s board, led by Ivan De Witte, must now decide whether to lower its price or wait for a higher bid. The transfer window closes on September 1, but Genk’s 0-0 start adds urgency.

The Bigger Picture

Karetsas’ potential departure would mark another step in Genk’s strategy of selling young talent to fund operations. The club has already successfully sold players like Yari Verschaeren and Charles De Ketelaere. Whether Genk chooses Dortmund or another buyer, the focus remains on preserving its youth academy—even as the team struggles with 0 points and 0 goals in 2026.