Noel Whelan has suggested that Celtic could bring in two “quality” midfielders if they sold Callum McGregor for £20million to Leicester City.

The former Aberdeen and Leeds striker, speaking exclusively to Football Insider assistant editor Russell Edge, believes the Bhoys would be very tempted by an eight-figure fee for their homegrown star.

As revealed by Football Insider, Leicester are plotting a £20million bid for the 27-year-old after they failed to prise him away from Parkhead last summer.

The Hoops managed to tie the central midfielder down to a new five-year contract last summer after they rebuffed the Foxes’ advances.

Whelan admits that while Neil Lennon will not want to lose one of his top stars at Parkhead, Celtic could use the money from McGregor’s exit to buy two new stars to fill the void.

Asked if a £20million bid would be tough for the Bhoys to turn down, Whelan told Football Insider: “Yeah, absolutely – £20million, they could use that very, very wisely.

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“We know they’ve got a great scouting network there, they find these gems and again, a player who came through the ranks there and so a player that cost them nothing and could earn the club £20million.

“When it comes to midfielders, when you get paid that amount for one, you can very easily go out there in the window and get yourself two that are going to be a great addition for that squad and still save you some money.

“It’s something they will think about, you never want to lose your best players but £20million is a very, very good offer for a player that’s cost you nothing and you probably do feel you could replace him in that position.” 

McGregor, who come through the youth ranks at Parkhead, has played a total of 279 times for the Bhoys to date.

He has played 46 games or more across all competitions in each of the last four seasons for Celtic, while he also has 19 caps for Scotland under his belt.

In other Celtic news, Neil Lennon has been tipped to have set a deadline as the Hoops hold crunch talks over a new signing.