The Italian press has reported that AC Milan is willing to sell Diego Laxalt to Celtic with FFP being an issue with the Italian giants needing to balance their books or face sanctions.
As reported in the Record:
Milan have reportedly slapped a £7.2million price tag on Diego Laxalt ‘s head as Celtic weigh up a permanent deal.
The Uruguayan joined the Premiership champions on loan in the summer but there was no option or obligation to buy included in the deal.
Laxalt has become a regular fixture in Neil Lennon ‘s side and that has inevitably led to talk of a permanent deal in the summer.
To make that a reality Celtic will have to negotiate with his parent club and Il Milanista reports that the Italian giants will look for around €8million (£7.2m) to sell.
Milan need to raise money in sales in order to comply with Financial Fair Play but that means not taking a loss on Laxalt.
By not taking a loss it deals with the amortisation over the length of the deal, he originally came for 18 million euro in 2018 but this has depreciated.
The left wing-back was signed for a reported €18m on a four-year contract and will have a year left on his deal when he returns to Milanello.
With amortisation that means he must be sold for over €4.5m to avoid going down as a loss on the books, so the reported asking price would allow Milan to record a €3.5m profit.
With the report stating that AC Milan would pocket 3.5 million in profit there is some wriggle room for Celtic between 7.2 and 3.7 million pounds, if the deal goes through in this window or the next, he would be a welcome addition to the club on a permanent basis.