Brendan Rodgers was unable to help Celtic progress through the group stages in Europe this time around.
Celtic attacking midfielder Kris Commons is currently on loan at Hibernian.
Hibernian boss Lennon signed the playmaker while manager at Celtic Park.
Celtic drew 1-1 with the Premier League side on Tuesday.
Former Celtic manager Neil Lennon is in charge of Hibernian at the moment.
The Celtic academy graduate moved ahead of the Honduran in the pecking order last season.
Celtic are currently bottom of their Champions League group so desperately need a win in Germany.
Neil Lennon has discussed Karamoko Dembele's future at Celtic.
The former Celtic manager was impressed by Brendan Rodgers' team.
Ibrox side Glasgow Rangers were beaten 5-1 by Celtic in their latest match.
Under the guidance of new manager Neil Lennon, Hibernian fans will be expecting to sing 'Sunshine on Leith' all the way back to the top division.
The Southend boss refused to give any real comment on a potential move.
Everton duo James McCarthy and Gareth Barry’s performances against Liverpool impressed Bolton Wanderers manager Neil Lennon.