The Icelandic striker was prolific at Heerenveen but a nomadic, profligate spell in three different leagues will hardly give Celtic sleepless nights.
Celtic will reportedly drop their interest in Real Sociedad-owned striker Alfred Finnbogason.
The Bhoys have been linked to the Icelandic international before.
The decisive goalscorer had some eye-opening words for the Gunners after their defeat.
Alfred Finnbogason was a key summer target for Bolton Wanderers, reports claimed.
Greek side PAOK are reportedly close to closing a deal for striker Alfred Finnbogason, who was a key attacking target for Bolton Wanderers.
Real Sociedad are prepared to loan out Alfred Finnbogason and have received a formal approach from Bolton Wanderers.
The Iceland international has struggled for form in Spain.
Reports suggest that Alfred Finnbogason has attracted the attentions of Everton and Norwich City, with Real Sociedad happy to loan him out.
A player previously linked with Celtic could now be heading out on loan next season and he is perfect for the Bhoys.