The 18-year-old forward has broken into Dortmund’s senior setup this season and is quickly establishing himself as one of the most exciting young prospects in the Bundesliga.
His performances have not gone unnoticed, with top clubs accelerating their interest as the summer window approaches, reports Sky Italia's Gianluca di Marzio.
Barcelona and Paris Saint-Germain are leading the chase, having both dispatched scouts to closely monitor Inácio in recent weeks.
Representatives from the two clubs were present during Dortmund’s clash with Bayer Leverkusen, where the youngster once again demonstrated his quality at senior level.
Their interest extends beyond club football, with further scouting trips made to watch Inácio represent Italy at Under-19 level, underlining how seriously both sides are tracking his development.
The growing attention comes at a sensitive time for Dortmund, with the player’s contract situation beginning to raise concerns internally.
Inácio is currently tied to the club until the end of next season, meaning Dortmund risk entering a dangerous window where his value could drop if a renewal is not secured.
For a club renowned for developing and selling elite young talent, the situation presents a familiar but challenging dilemma.
Dortmund must now decide whether to push aggressively for an extension or risk losing control of the player’s future as interest intensifies.
Barcelona are known to be prioritising young, technically gifted attackers as part of their long-term rebuild, while PSG continue to invest heavily in emerging talent across Europe.
Both clubs offer obvious appeal in terms of stature and opportunity, increasing the pressure on Dortmund to act swiftly.
Internally, there is a recognition that Inácio could become one of the club’s next major stars if his development continues on its current trajectory.
However, without decisive action on his contract, Dortmund may soon find themselves fighting a losing battle.
The message is clear — if they want to keep hold of one of Europe’s brightest young forwards, time is no longer on their side.