The Honduras international was wanted by Getafe.
Reports in Honduras are suggesting that Celtic had the chance to sell one of their defenders this winter. A report from La Prensa is suggesting that La Liga outfit Getafe made a 'significant offer' for their left-back Emilio Izaguirre.
The Spanish side were hopeful of bringing in the Honduras international permanently to strengthen their backline.
The report outlines however that Celtic decided that the player was to valuable to move on.
That is despite his recent spell out of the first-team. The Celtic veteran has been in and out of the first team at Parkhead so far this season after some disappointing and inconsistent performances for The Bhoys.
In his place Celtic youngster Kieran Tierney has thrived and the 29-year-old is struggling to earn back his regular starting spot.
In light of missing out on the Celtic defender Getafe instead signed Uruguayan international defender Alvaro Pereira on loan from Argentine side Estudiantes.
Izaguirre has 18 months left on his current deal at Celtic but he needs to rediscover his best form if he wants Celtic to continue turning such offers away.