He also spent a few seasons on loan at OFK Beograd, Radnički Kragujevac and Milicionar, before returning to Red Star Belgrade and becoming one of the team's most regular players in the early 2000s.
Before moving abroad in the 2003 winter transfer window, Lalatović was named captain and made over 100 competitive appearances, winning four major domestic trophies with the Crveno-beli.
Lalatović earned one cap for FR Yugoslavia at full level, coming on as a substitute for Vuk Rašović in a 1–1 friendly draw away to Greece on 13 December 2000.
On 10 November 2015, Lalatović parted ways with Borac Čačak due to unpaid wages and bonuses to his players.
[11] On 24 June 2020, beating Partizan on penalties, Vojvodina won the 2019–20 Serbian Cup, which was Lalatović's first trophy as manager.
On 5 June 2022, Bosnian Premier League club Borac Banja Luka appointed Lalatović as manager.
[13] He was victorious in his first UEFA Europa Conference League qualifying round game as Borac manager, winning 2–0 against Faroese club B36 Tórshavn on 7 July 2022.