Transfer Latest: Luis Palma away – Loan deal with £2.1m option to buy agreed

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The Celtic Star

·12 janvier 2025

Transfer Latest: Luis Palma away – Loan deal with £2.1m option to buy agreed

As reported previously on The Celtic Star, Luis Palma has been the subject of transfer interest from Rayo Vallecano in Spain, now the deal has been agreed and Palma will sign this week…

Luis Palma at Tannadice, Dundee Utd v Celtic, Sunday 22 December 2024. Photo Vagelis Georgariou

The winger has been very much a bit-part player for the Hoops this season, as Brendan Rodgers has entrusted Daizen Maeda and Nicolas Kühn with providing the creativity for his team in the wide areas mostly, with James Forrest deputsing along with Yang at times.

Vidéos OneFootball

Palma just didn’t fit at Celtic this season

Our Honduran just doesn’t fit with the Scottish Premiership nor with what Irishman Rodgers is looking for in his attacking players and a move away is the best option for all involved. That has taken another leap forward now as the wheels seem to be very much in motion for Palma to depart Parkhead in the coming days ahead.

🚨El fichaje de Luis Palma entra en su fase final #RayoVallecano #Fichajes
– dimanche 12 janvier 2025

From Google translate the article reads as follows…

Estadio Deportivo

From ESTADIO Deportivo we have learned that Rayo Vallecano and Celtic have already closed the agreement for the loan of Luis Palma in the absence of the last details of the operation. The Honduran winger is expected to land in Madrid next week to sign. 30th October 2024. Celtic versus Dundee Luis Palma. Photo: David Young Luis Palma is very close to becoming Rayo Vallecano’s first signing in this winter window. The Honduran winger was not having much prominence in Scotland with Celtic, and he welcomed an exit in this market. The Madrid club has already reached a loan agreement with a purchase option (valued at around 2.5 million euros) to acquire the services of Luis Palma until the end of this season. The footballer is scheduled to travel to Madrid next week to sign his new contract. At this moment, the last aspects of the operation are being closed. 30th October 2024 Celtic versus Dundee – Luis Palma. Photo David Young The Bukanero team has started the year 2025 in good shape. Iñigo Pérez’s pupils beat Celta de Vigo (2-1) in LaLiga EA Sports this Friday. Furthermore, last week they beat Racing de Ferrol (1-3) in A Malata in the first match of the year, certifying their place in the round of 16 of the Copa del Rey. The Navarrese coach is recovering the best version of the ‘fringe’, and is already in the noble zone of the qualifying table. The sports management is working in the transfer market with the aim of strengthening the squad. Everything indicates that Luis Palma will become Rayo Vallecano’s first winter reinforcement.

Mid-Season Friendly, Showgrounds, Sligo 9/10/2024 Sligo Rovers vs Celtic Celtic s Luis Palma celebrates with the match ball after scoring a hat trick Luis Palma celebrates with the match ball after scoring a hat trick 9/10/2024 Photo :INPHO/Tom Maher

Best of luck to Luis

Estadio Deportivo are reporting that Palma has an agreement with Vallecano and that his club and the Celtic money men have agreed the deal which will see him move initially on loan to the Spanish side. The outlet also claims that there will be an option to make the wide man’s stay permanent come the summer transfer window, with a fee of £2.1 million being floated, as had been reported earlier too.

Mid-Season Friendly, Showgrounds, Sligo 9/10/2024 Sligo Rovers vs Celtic Celtic s Luis Palma is congratulated by teammates after scoring his side s first goal of the match. 9/10/2024 INPHO/Tom Maher

Palma heading to Madrid this week

Now all that remains is the move to be finalised and the publication has given a timescale on when this can expect to go through, with it believed that 24-year-old Palma will land in the capital of Madrid next week. Celtic will now be hoping that the former Aris man does well enough in the very technical domestic arena of La Liga to warrant Rayo splashing the cash in a few months time.

We wish him well!

Paul Gillespie

Ross County v Celtic in Dingwall. Photo Vagelis Georgariou

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Ross County v Celtic in Dingwall. Photo Vagelis Georgariou

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