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Celtic reportedly failed with £5m December bid for Mexican star Edson Alvarez

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Scottish Premiership champions Celtic reportedly tried and failed to sign Edson Alvarez from Liga MX outift Club America a few months ago.

Edson Alvarez of Mexico during an international friendly match between Chile and Mexico at Qualcomm Stadium on March 22, 2019 in San Diego, California.

Celtic failed with a bid of around £5 million for Mexican international Edson Alvarez in December, according to ESPN, with the Club America ace now being linked with a move to Wolverhampton Wanderers.

A versatile 21-year-old who plays in defence for his club and at centre-half at international level, Alvarez is expected to follow in the footsteps of fellow Mexican internationals Hirving Lozano, Erik Gutierrez and Andres Guardado by sealing a move to Europe this summer.

Mediotiempo claimed this week that Wolves have lined him up for a move to Molineux.

Nuno Espirito Santo’s side have apparently approached Alaves and Club America’s president to discuss whether a move might be possible for a player who has a release clause of just £7.9 million in his contract.

But Celtic appear to have missed their chance for good.

Oribe Peralta #24 and Edson Alvarez #4 of America celebrate with the championship trophy after the final second leg match between Cruz Azul and America as part of the Torneo Apertura 2018...

ESPN claims that the Scottish Premiership champions offered £5 million ahead of the January transfer window, a bid that Club America rejected out of hand.

Why Celtic did not raise their offer by £3 million and trigger his release clause remains a mystery. Perhaps he was simply too expensive.

But with Wolves’ billionaire owners keen to spend big again this summer, £8 million is merely a drop in the ocean at Molineux these days.

Edson Alvarez (C) of America celebrates the second scored goal during the final second leg match between Cruz Azul and America as part of the Torneo Apertura 2018 Liga MX at Azteca Stadium...