There is currently a host of speculation surrounding Inacio's future, with a number of teams believed to be interested in signing him in 2024.
Inacio, who has scored three times in 27 appearances for Sporting during the 2023-24 campaign, has a €60m (£52m) release clause in his current deal.
According to O Jogo, Newcastle United have made an offer for him this month, but the centre-back has rejected the chance to move to the Magpies, as he is holding out to join either Liverpool, Man United or Real Madrid.
Arsenal are also believed to be interested in the Portugal international, with Sporting resigned to losing him this year due to the growing list of clubs keen on his signature.
Inacio has been with Sporting since 2012, progressing through the various age groups at the club before making his first-team debut in 2020.
The Portuguese has featured on 149 occasions for the Green and Whites in all competitions, scoring 14 goals and registering eight assists in the process.
Inacio, who is expected to be in the Portugal squad for this summer's European Championship, has gained both Champions League and Europa League experience during his time with Sporting, featuring on 13 occasions in the European Cup and 12 times in the latter competition.
Real Madrid are currently short of centre-backs due to long-term knee injuries for Eder Militao and David Alaba, but the club have decided against moving for a defender this month.
The situation is expected to be revisited this summer, with Nacho out of contract, and head coach Carlo
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