The deal for the 18-year-old Greek player is nearing a decision point, following intense competition from Bundesliga giants Borussia Dortmund. According to reports from HLN, Karetsas's future is set to be clarified soon, with clubs working towards finalizing the transfer before others enter the race.

Dortmund has taken an aggressive approach, sending a dedicated delegation led by Sporting Director Sebastian Kehl to Belgium in hopes of striking a deal. The club seeks to incorporate Karetsas into their Champions League roster for next season and reportedly presented an initial offer of €30 million with €5 million in add-ons. However, Genk's valuation remains higher at €40 million including bonuses.

However, the German club is determined to quickly wrap up the transfer to keep pace with their competition and prevent other clubs from securing the highly sought-after talent. Milan, another leading contender, actively pursued Karetsas last week, showcasing a persuasive sporting project to the player's representatives and manager.