Spanish media reported that the 24-year old Belgian, who has appeared in 17 league games this season but only started eight, was aiming to move to Dalian Yifang for 30 million euros (RM144 million).
Cerezo responded to the story when he met reporters over breakfast.
“It seems he is negotiating,” the club president said. “But I’ve only just got back from Mexico and it is impossible for me to say anything for sure because I don’t know anything.”
Atlético bought Carrasco from Monaco in the summer of 2015 for an estimated 15 million euros (RM72 million). Monaco are reportedly entitled to 25% of any fee if the player is sold on.
Spanish sports daily Marca said the player’s agent was negotiating with Atlético’s consent and “the idea is that the deal will be closed this week”.
Carrasco has played 124 times for Atlético. He has scored 23 goals and passed out 17 assists.