Mexican Primera Division side Santos Laguna have entered talks with Celtic over a possible link-up between the two teams, reports STV Sport. Celtic chief executive Peter Lawwell confirmed to STV Sport that discussions had begun between the two parties.
"We haven't reach agreement yet but discussions are ongoing with Santos Laguna," Lawwell said.
The chief executive said that commercial and marketing initiatives were being proposed and that the partnership could also include movement of players between the sides.
Santos have confirmed their interest in the link-up on their official website, with club president Alejandro Iragorri pointing out similarities between the clubs. Aside from the fact that both clubs play in green and white, Iragorri said there were "shared philosophies, foundations and objectives.
The Mexican club are currently top of their group in the Mexican Apertura Championship. They last won the league in 2008, having lifted the title on three occasions since their formation in 1982.