Celtic have received a bid from Atletico Madrid for Matt O'Riley.
Rushhoursport understands the offer is an initial loan plus an obligation to buy.
Celtic have been braced for bids for the highly rated midfielder this month amid interest from the likes of Girona and Inter Milan.
The Scottish Premiership club tied him up on a new bumper four-year contract last year and therefore believe they are in a strong position.
Manager Brendan Rodgers sees O'Riley as a key member of his squad.
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