The Hoops have enjoyed a productive transfer window so far, snapping up Polish striker Patryk Klimala in a £3.5 million deal and a move for Ivorian midfielder Ismalia Soro looks to be nearing completion.
But Celtic continue to be linked to other personnel and Ferry - who began his career at Lennoxtown - has heard a rumour that his old club are in for the 26-year-old Australia international.
Boyle impressed in Hibs' 2-2 draw with Dundee United in the Scottish Cup this past weekend and has scored five times in the Premiership this season.
He said on Open Goal podcast: "I want to give a special mention to Martin Boyle. He was the best player on the pitch [against Dundee United] and I've heard a rumour that Celtic are in for him."
Former Rangers hitman Kevin Kyle revealed afterwards that Boyle would be a 'welcome addition' for the Bhoys, adding: "I'm going to say this: I think that'd be a welcome addition at Celtic, a bit of pace on the wing. At this moment in time Celtic's wingers aren't playing to their maximum potential."
This one might have legs. After all, Neil Lennon is familiar with Boyle after working with him at Easter Road for a couple of years and Kyle is right, Celtic might need additional wide support.
Lennon has lost Scott Sinclair already this month and Mohamed Elyounoussi hasn't played since October due to injury.
A move for Boyle - who can play on both wings - does make sense and it'll be interesting to see if Ferry's information is accurate.
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