The Serbian youth international made his Bologna debut in Wednesday's Coppa Italia win over Livorno, but has already been scouted by other teams.
His representative Vlado Borozan claims Manchester City are among the clubs keeping an eye on Radakovic, but confirmed the 18-year-old plans to still be at Bologna next season.
"There are many important teams following him, such as Juventus, Manchester City and Bayern Munich," Borozan told tuttomercatoweb.com. "But in June he will remain at Bologna and he will continue his growth path.
"Yesterday, Uros made his Bologna debut and has shown he will have a great future.
"He has great room for improvement and he is destined to make a great career."