Celtic may only receive £1.5m if Moussa Dembele seals a permanent move from Lyon to Atletico Madrid, according to reports in the Scottish media.

The Hoops agreed a 10% sell-on clause when they sold the Frenchman to the Ligue One side, but they only agreed that percentage based on the profit from his sale.

Dembele was sold for £20m, and with Atletico having reportedly agreed to pay £35m for the 24-year-old, the profit would be £15m, meaning Celtic will only get 10% of that amount.

That is a surprisingly small windfall considering previous reports that the sell-on fee was based on the total amount of any sale. There is also no guarantee that the Scottish club will receive the £1.5m either.

Atletico are said to have agreed an initial six-month loan deal for Dembele and, while they do have an option to buy the striker, they are under no obligation to sign him in the summer if he doesn’t perform well.

Earlier in the year, Dembele had been valued at closer to £60m, but the financial impact of the global health crisis, combined with fading interest from the likes of Chelsea and Manchester United due to the player’s poor form, mean Lyon have settled for much less.