The Argentine youngster, dubbed the 'new Messi', has featured infrequently for the Europa League holders and a loan spell is a possible solution to his impasse
The 18-year-old has been out of favour at the Estadio do Dragao, making just five appearances since completing a €4 million deal from Cerro Porteno in the summer.
Iturbe's situation has reportedly caught the eye of Bolton Wanderers and Racing Club, and the Argentine's father has indicated that a loan exit is a possibility.
"My son has not been playing regularly at Porto," Juan Del Carmen told Radio Fox Sports Del Plata. "We know of Racing's interest from the papers and we are looking for a solution, a loan spell so that he can play.
"I would like to see my son play in Argentina and I hope the transfer [to Racing] goes through. My son is a fan of Racing."
Meanwhile, Iturbe's agent, Augusto Paraja, told Antena 1 that he receives 'new offers every day', but stressed that it is necessary to talk to Porto before deciding on the course of action.