The former Liverpool boss is the Scottish Premiership side's new manager.
Malky Mackay has predicted that Celtic will still have the resources to make a couple of major signings this summer, despite seemingly throwing the chequebook at the chance to appoint Brendan Rodgers as their new manager, the Daily Record reports.
The Northern Irishman has been given the task of succeeding Ronny Deila at Parkhead with the Record reporting that he has become the highest paid manager in the club's history.
And while the cost of bringing Rodgers in may leave some concerned about the amount of business that the Hoops will be able to do during the coming months, Mackay - who was reportedly also in contention for the job, so may have an insight into what Rodgers is set to be working with - believes that the club will have the resources to back their new boss.
"It's a real coup for Celtic that they've managed to sign the ex-Liverpool manager," he told the Record.
"You'll have a lot of excited fans going along and European games are coming up quick.
"And if a transfer fund is available, they'll maybe have the chance to see a couple of real quality players coming in.
"He'll be expected to nurture some of the young talent that has been bought but I'm pretty sure he’ll have an amount of money too and can get one or two players who are maybe a wee bit special."
With their last two managers being unproven in the Scottish game, it may have been more difficult for the Bhoys to attract top players to the club as they may have previously been concerned about what direction the side were going in, especially as their recent record in Europe is not overly impressive.
And while Rodgers goes into the role just as unproven in Scotland, his track record in the Premier League may help convince potential targets that Celtic have a manager capable of continuing their domestic dominance while also helping them achieve something on the continent.