Allan joined Hibs on a two-year contract in the summer of 2014 after he was released by Premier League club West Bromwich Albion, as reported by BBC Sport at the time.
"I like Scott Allan,” former Celtic defender McKinlay told The Scottish Sun. “He’s done very well at Hibs after losing his way a wee bit down south.
"He started very well at Dundee United but it didn't really spin for him in England. His form recently suggests he's on the way back up.”
Celtic’s interest in Scott Allan
Allan was one of the best players for Hibernian during the recently concluded 2014-15 campaign.
The 23-year-old was a key reason behind Hibs’ second-placed finish in the ‘regular’ Scottish Championship season and was named the Scottish Championship's PFA Player of the Year.
Celtic are already lining up a £500k bid for the former West Brom man, according to The Scottish Sun.
Rangers’ interest in Scott Allan
Interestingly, the same report in The Scottish Sun claims that Celtic’s arch-rivals Rangers are also keen on recruiting Allan.
“Rangers are also tracking Allan as new boss Mark Warburton continues to build his squad,” states the report.
“Hibs want to hold on to the Championship Player of the Year and are determined not to sell to their promotion rivals."
Signing Allan would strengthen Rangers and also weaken Hibernian, their main rivals for the Scottish Championship title for the 2015-16 campaign.
However, it is unlikely that the Edinburgh-based club will let go of such an important player, especially to a direct rival.