It has been reported that Copenhagen’s failure to progress to the group stage of the Champions League and the injury suffered by star striker Federico Santander could scupper their move for the central defender.
Failure to win against Qarabag over two legs in the playoff round means that the Danish club will not feature in the group stage of Europe’s premier club competition this season.
Paraguay international striker Santander, 26, suffered a knee injury during the second leg this week and could be out of action for six months, according to The Scottish Sun.
With no money from Champions League qualification and the need to sign a replacement striker, Copenhagen could struggle to fund a move for Celtic defender Sviatchenko, according to the report, meaning that the centre-back could remain at Celtic Park for the 2017-18 campaign after all.
It has been reported that the Danish club had a bid of £2.7 million for the 25-year-old central defender rejected, with Celtic holding out for around £3.5m.
“I have rarely known a team so unfortunate for injuries,” The Scottish Sun quotes Copenhagen manager Stale Solbakken as saying.
“Federico Santander will be out for many months, Erik Johansson, Rasmus Falk are also long-term injuries.
“It means we have to go a long time with just two fit strikers, so we are obviously prioritising in that department when we are looking to bring new players in.
“It’s the worst injury situation I can remember. Also, we have to pay all the players who are injured too.
“Our situation hasn’t been helped at all by going out of the Champions League. It wasn’t fair that Qarabag went through, but football isn’t fair sometimes.”