Celtic are closing in on a blockbuster deal that could shatter their transfer record, with Martin O'Neill, the club’s director of football, setting a clear timeline for the arrival of a new star.

What’s happening at Celtic?

Martin O'Neill has confirmed that Celtic are finalising plans to complete a record-breaking transfer before the window closes. The club is locked in advanced talks with a high-profile target whose arrival would mark a seismic shift in their squad. O'Neill, speaking to reporters on 26 July 2026, said the deal is “progressing well” and expects it to be wrapped up within the next two weeks.

Celtic finished third in the Premiership last season with 67 points from 33 games, a haul that left them three points behind Heart Of Midlothian. Their recent form was electric, with five straight wins to close the campaign, including a 3-1 derby victory over Hearts on 16 May 2026. The club scored 59 goals and conceded 35, leaving them with a healthy +24 goal difference.

Why this signing matters for Celtic

If completed, the transfer would be the most expensive in Celtic’s history, eclipsing their previous record. The new star is expected to slot into a midfield that has struggled for creativity in recent months, particularly after the departure of a key playmaker. O’Neill stressed that the deal aligns with the club’s long-term plan to challenge for the Premiership title and return to European competition.

The timing is critical. Celtic open the new season at home to Hearts on 17 October 2026, a match that could set the tone for the campaign. With Hearts sitting top of the table and Celtic just three points adrift, every point will count. The club’s recent five-game winning streak shows they’re in form, but the league is tighter than ever.

What comes next for Celtic?

The next 14 days will be decisive. O’Neill indicated that medicals and contract details are the final hurdles. Once the deal is done, the player will be unveiled and could feature in the Hearts derby if the paperwork clears in time. The club’s social media team is already preparing a promotional push, with fans anticipating an official announcement before August.

Celtic’s transfer activity this summer has been closely watched, with several other targets linked. But this deal stands out for its scale and potential impact. If successful, it could redefine the club’s ambitions for the season ahead.

With the Premiership title race wide open and European football on the line, Celtic are making a bold statement. The record bid isn’t just about a new player - it’s about sending a message to rivals and fans alike that this season will be different.