A report in the Daily Mail claims that Celtic are in for a profit of just £3.6m on Odsonne Edouard.
The striker is out of contract in June 2022 and is expected to leave this summer and four years in Glasgow, the first on loan.
A year ago Celtic could have expected bidding to start at £30m for the former Paris Saint Germain striker but a variety of factors have driven that price down with the Daily Mail reporting:
Leicester City believe they have won the race to sign Celtic striker Odsonne Edouard.
Sportsmail understands that the player has indicated he wants to join his former boss Brendan Rodgers at the King Power Stadium and a deal is close to being agreed for a fee of about £15million.
Rodgers took Edouard to Celtic from Paris Saint-Germain in 2017, initially on a season-long loan before signing him for £9m, and Leicester’s manager sees the 23-year-old as the long-term replacement for veteran forward Jamie Vardy, 34.
Edouard will have 12 months left on his contract this summer and that, as well as a sell-on fee of around 40 per cent owed to PSG, has driven down the price.
At one point Celtic had hoped to receive as much as £40m for the striker, who has scored 83 goals in four seasons. It is said they will instead gamble on recouping a larger sum by negotiating a sizeable sell-on clause of their own.
Is £15m a fair price for Edouard?
No way, we should chase Leicester at that price
Yes, times change, we have to be realistic
It seems highly unlikely that Celtic would strike an early deal to sell the striker with relations between Celtic and Leicester likely to be frosty after the departure of Brendan Rodgers two years ago.
Although this season has been relatively disappointing for Edouard he has become the top goalscorer in the history of the French u-21 side.