Rangers are close to signing Premier League prospect Jordan Rossier from Liverpool.
Outgoing Celtic assistant John Collins declared this week that the era of Celtic buying players from English clubs is over.
The bleak forecast he claimed, speaking to the Evening Times, was due to financial constraints, but they also illustrate a lack of persuasion and dare we say, ambition.
Collins said: "Martin O’Neill was signing English Premier League players – Celtic will never be able to sign an English premier League player. They can’t compete on salaries. That’s a fact,” he said.
“It will stay that way unless the club breaks the wage structure by four or five times the current rate. We are shopping in different places."
This is partly due to head of recruitment Frank McParland, formerly of Liverpool, showing that connections can solve some of the issues Collins describes.
Rossiter is of course an under-21 player and salary wise may be taking a sidewards step at Rangers, but this also shows why Collins' blanket statement claiming Celtic could not sign an English Premier League player is wrong, as there are surely ways to accomplish this, and convincing him to leave Liverpool for them is no mean feat.
Celtic even managed to snap up Saidy Janko from Manchester United last summer, and there is no reason why the club should not be competing with mid-tier sides in England for players.
While the likes of Bournemouth and Watford may be able to offer more money, Celtic can compete for titles, play in Europe, and have a bigger fanbase, with more history.
Rangers do not appear to lack ambition, and Celtic will want their next manager and his team to pull out all the stops to sign the best players they can add, regardless of where they are from, and even use the renewed rivalry with the Gers as a selling point.