Celtic will receive at least £7m from the sale of Jeremie Frimpong to Bayer Leverkusen, according to reports in the Scottish media.

The Hoops have reportedly received an offer in excess of £10m for the 20-year-old but Manchester City hold a 30% sell-on clause on their former player.

Frimpong is currently abroad discussing personal terms, and manager Neil Lennon says that, while the Scottish champions did everything they could to keep the Dutchman, the player made it very clear he wanted to leave:

“I wouldn’t say he was unhappy, just ambitious, maybe, or he wanted to try something else and progress his career at another club. We’re obviously very disappointed, we did everything we could to try and entice the player to stay but he made it clear quite a while ago that his ambition was to leave. We received a really robust offer for him.”

With these reports only having surfaced over the last 24 hours, it is a surprising development, to say the least, but the one saving grace is that Celtic will be making a massive profit on the fullback.

The Hoops only shelled out £350,000 for the defender eighteen months ago, but his performances since then have attracted interest from Chelsea, Barcelona and Real Madid. If he does leave, they will be receiving a fee which is 30 times what they paid for him; a worthwhile return on their investment.