Diego Laxalt would be a “bargain” signing for Celtic at £4.5million, according to Alex McLeish. 

The former Rangers and Scotland manager, speaking exclusively to Football Insider assistant editor Russell Edge, has suggested that the seven-figure fee is a couple of million off what the Hoops would be willing to spend on a top target.

As revealed by Football Insider, AC Milan have told Celtic it will cost them around £4.5million to buy the 27-year-old permanently after he joined the Bhoys on loan.

Laxalt has started five times for Celtic so far, including in Sunday’s Scottish Cup semi-final win over Aberdeen.

McLeish has admitted that £4.5million would be peanuts for a Premier League side but that it would still represent a bargain for the Bhoys.

McLeish told Football Insider: “Those prices are unheard of in England, you’re looking at a £15million player and you’re saying: ‘Phwoar, that sounds a bit cheap, I don’t know if he’s going to do any good there.’

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“It’s so different in Scotland, the prices, and there’s no way any of the teams could afford to spend upwards of £6-7million, I think we’d need to be getting the next sensation, young sensation, who you’ll be able to sell on to Barcelona for triple the price.

“At the moment that’s the way the Scottish game is and Laxalt seems a bargain at that price.” 

Laxalt has battled with Greg Taylor for a starting role on the left-hand side in Neil Lennon’s starting XI since his arrival.

The 24-cap Uruguay international has spent most of his career in Italy and has played for the likes of parent club AC Milan, Genoa, Torino and Bologna.

In other news, £22.5m Celtic cash reveal explained ahead of January window.