According to José Félix Díaz, a journalist for Diario AS, Real Madrid has informed Racing Santander of its desire to reach an agreement for the transfer of Sergio Martínez.

The report states that the race for 19-year-old Sergio Martínez has begun. The Racing Santander midfielder has become a desired target for top clubs, with all parties eager to finalize an agreement for the player. In less than seven months, he has gone from being a member of Racing Santander's youth academy to a highly sought-after talent by strong teams in Spanish football.
Real Madrid is one of the clubs that has expressed its interest to Racing Santander, hoping to find common ground for the player whose release clause is set at 3 million euros.
Real Madrid has been monitoring the U18 international's situation and development and is now pushing for a tripartite agreement to ensure Sergio Martínez's future arrival at Valdebebas. This is how all transfer operations with Spanish clubs are conducted by Real Madrid, as the club prefers to negotiate and reach an agreement rather than trigger release clauses.
There is also another viable path. One possibility on the table is for the player to remain at Racing Santander for another season. However, during Real Madrid's initial contact, the option of placing him directly in the Castilla team was also discussed.
His impressive debut in La Liga has accelerated the entire process, naturally making the idea of him going directly to the B team more complicated. Based on scouting reports compiled over recent months on this Racing Santander academy player, Valdebebas has determined that Sergio Martínez is far from a flash in the pan.
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