The Belgian talent has been attracting interest from a host of clubs across Europe, most notably Manchester United.
Jose Mourinho is said to be keen to land the Belgian in the summer and reports in Spain recently suggested Carrasco's relationship with Diego Simeone had deteriorated, boosting United's chances of luring him to Old Trafford.
Yannick Carrasco is attracting interest from a host of European clubs
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The report claims Atletico may be prepared to cash in on the 23-year-old in the summer with Simeone looking to bolster his squad with new talent.
However, he won't come cheaply with Atletico unlikely to consider any offers less than £40m.
Yannick Carrasco is under contract with Atletico Madrid until 2022
Jose Mourinho is thought to be keen to bring Yannick Carrasco to Old Trafford
Both London clubs are now thought to be leading United in the race to his signature, and they also face competition from Bayern Munich and Paris Saint-Germain.
Carrasco, who has netted 10 goals in all competitions this season, is under contract at the Vicente Calderon until 2022.