The Iceland international only joined the La Liga side last summer following a wonderful goal scoring season in Holland, but a disappointing campaign at the Anoeta stadium ensued.
Newly-appointed boss David Moyes didn’t count on his services towards the back-end of the campaign, and this summer the Scot was happy to offload the striker in order to make space in wages.
Neil Lennon is in great need of adding a real goal threat to his ranks, his desperation illustrated during the previous campaign as he took on the aging Emile Heskey on a short-term deal.
However, his attempts to land Finnbogason never came to fruition and now the former Celtic boss will have to cast his eye elsewhere as the striker completes a temporary move to Greece.
The problem Lennon has at Bolton is financially the club are being handicapped, with seemingly the only funds available coming as a result of selling off a member of the first-team squad first.
The Northern Irishman worked with Norwich City’s out of favour striker Gary Hooper at Celtic, and he would represent a fine choice if the Canaries are willing to loan him out.
However, Bolton could end up being forced to seek a loan deal elsewhere, or even dip into the English lower leagues with the hope of pulling off a real coup under the noses of their rivals.