Celtic are reportedly set to cash in on striker Giorgos Giakoumakis in a deal worth three times what he cost.

Japanese side Urawa Red Diamonds are the clear frontrunners to secure the 28-year-old signature.

However, while they lead the race, the Scottish Sun reports that clubs from another five countries are in the frame.

Their report states that Sampdoria in Italy are keen, while sides in Russia, Germany, the US and the Middle East have also made their interest known.

The Greek international is contracted until 2026, so the Hoops will command a big fee for one of their best players. 

This report claims that any deal could be worth up to £8million.

With Sampdoria, it's said they want Giakoumakis on loan with a view to buying him permanently in the summer IF they avoid relegation.

READ MORE: Aiden McGeady considered retirement during Hibs injury struggle

Meanwhile, J-League outfit Urawa are prepared to meet the Hoops asking price with a substantial down-payment and more to follow in instalments.

Giakoumakis signed for Celtic in August 2021 from VVV-Venlo in The Netherlands for a fee of around £2.5million.

Celtic have identified South Korean World Cup star Cho Gue-sung as a replacement and are also reported to have made a near £3m bid to Jeonbuk Hyundai Motors for him.

Celtic have already signed three players this January in the shape of Alistair Johnston, Yuki Kobayashi and Tomoki Iwata.

Josip Juranovic is another first team star who appears to be edging towards the Parkhead exit door.

Glasgow Times:

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