Forlan, who joined Atletico from Villarreal in 2007 following a mixed spell at Manchester United, has been earmarked by Inter as the replacement for Samuel Eto'o, who this week joined Russian Premier Liga side Anzhi Makhachkala.
Manzano said: "He did not travel to Portugal in midweek [for the Europa League tie against Vitoria] and we know why. He is in negotiations with Inter - that is public news and everyone knows how it is going.
"It is expected that it will be resolved in the next few hours and he will stop being an Atletico player and one owned by Inter."
Atletico also lost striker Sergio Aguero this summer, the Argentina international joining Manchester City, but have snapped up Radamel Falcao from Porto to bolster their attacking ranks.
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