Bellingham, 19, joined Dortmund from childhood club Birmingham City in the summer of 2020 on a deal which runs until 2025.
Bellingham captained the team on several occasions in the league and Champions League this season and has been named in manager Gareth Southgate’s England squad for the upcoming Qatar World Cup.
Watzke said the club had no regrets about the sacking, despite Rose’s new side Leipzig sitting in second position and Dortmund languishing in sixth. Watzke backed current manager Edin Terzic - who came in to replace Rose - saying the 40-year-old was"doing a great job."
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