Rangers are set to strengthen their forward line after agreeing a deal to sign Venezuela international striker Kevin Kelsy from Portland Timbers, according to reports. The Ibrox club will pay an initial $13m (£9.6m) for the 22-year-old, with add-ons included in the structure of the deal and a sell-on percentage also agreed as part of the arrangement, per journalist Tom Bogert.
The move represents a significant investment for Rangers as they look to bolster their attacking options, bringing in a young striker with sell-on value built into the agreement should he move on again in the future.
Across the city, Celtic have confirmed the departure of midfielder Reo Hatate, who has completed a switch to Burnley. The Scottish champions will receive £6.5m plus add-ons for the Japan international, according to Football Insider, as the club continues to reshape its midfield options this summer.
However, Celtic's business has not been entirely smooth, with the Parkhead side missing out on midfield target Gvidas Gineitis. Talks with Torino over a move for the player reportedly reached an advanced stage but ultimately collapsed, according to reporter Anthony Joseph.
Celtic also fell short in an attempt to bring left-back Greg Taylor back to the club on loan from Greek outfit PAOK, with a late offer rejected, according to a report from Gazzetta.
With gaps still evident in their squad, Celtic may turn their attention to free agent Will Smallbone, the former Southampton midfielder who is now available after leaving his previous club, according to journalist Michael Shearer. Smallbone could offer an alternative option in midfield following the failed pursuit of Gineitis.
Elsewhere in Scottish football, Dundee have turned down approaches for midfielder Ethan Hamilton, who has attracted interest from Aberdeen among other clubs, according to The Courier. The Dens Park club appear reluctant to part with the player despite the reported interest.
Meanwhile, former Rangers striker Kris Boyd has voiced his frustration at the club's transfer strategy, specifically questioning why Rangers have struggled to cash in on prized assets such as Belgium international midfielder Nico Raskin. Boyd's comments, reported by the Daily Record, reflect broader concerns among some supporters about the club's ability to maximize value from its most sought-after players.
As the transfer window continues to develop, both Glasgow clubs find themselves navigating contrasting fortunes. Rangers appear close to finalizing a marquee striker signing that could reshape their attacking options for the coming season, while Celtic have secured a substantial fee for Hatate's departure but face the challenge of replacing him and finding alternative midfield reinforcements after missing out on their primary target.
The coming weeks are likely to bring further clarity on Celtic's plans, particularly regarding whether they will move to secure Smallbone on a free transfer, while Rangers will be eager to finalize the formalities surrounding the Kelsy transfer as they prepare for the season ahead. Both clubs continue to face scrutiny over their recruitment strategies as the summer transfer business unfolds across Scottish football.
Based on reporting from BBC Sport, Tom Bogert, Anthony Joseph, Gazzetta, Michael Shearer, Football Insider, The Courier, and Daily Record.