According to French journalist Ignazio Genuardi, Celtic are considering reaching a mutual termination agreement with French midfielder Olivier Ntcham.
Compte tenu de la situation économique, le Celtic Glasgow pourrait carrément le libérer. Il s’agit de se séparer absolument d’un gros contrat, surtout que Ntcham a vu sa cote considérablement chuter ces derniers mois.
— Ignazio Genuardi (@IgnazioGenuardi) May 22, 2021
Andre Villas-Boas tendered his resignation in February after the club signed Ntcham, and both club and manager eventually parted ways a few days later.
The Frenchman joined Marseille for the rest of the season with an option to buy in January, but they have decided not to activate that clause after he failed to impress.
Ntcham was more than keen to leave Celtic after falling out of favour under former manager Neil Lennon, and while Marseille quickly snapped him up, they did so without the approval of Villas-Boas.
The Hoops were hoping to sell the midfielder for around €5 million, but no club have registered an interest in him so far.
As a result, they are considering a mutual termination as paying part or all of his wages for the next 12 months does not make sense.
Celtic are struggling to put together a sizeable transfer budget this summer ahead of a major rebuild owing to the coronavirus pandemic, and they are looking at every avenue available to raise funds.
Parting with Ntcham will save them money, and incoming manager Eddie Howe would be hoping to have enough to make quality additions to the squad this summer.