Andy Walker is of the belief that Celtic will never spend wildly in order to compete in Europe.
There have been calls that the Hoops need more quality in the squad after their disappointing Champions League campaign this season but former striker Walker believes that is not a viable scenario.
Neil Lennon's Celtic side were unable to get past the group stage in Europe' premier club competition this term but that does not necessarily mean they cannot win the Scottish Premier League title without bolstering the playing group according to Walker.
"Every Celtic fan I speak to believes that the club - without being reckless - should spend more on the type of player that might be able to make all the difference," he told the Daily Record.
"They think they should look at spending in the region of £4million or £5m on a striker.
"I believe that is extremely unlikely. It's guaranteed Celtic will retain the title this season and win it again for the foreseeable future.
"That gives the club access to the qualifying process for Europe's premier club competition. The truth is that, as much as the supporters want their club to spend big, Celtic don't need a £5m player to win the SPFL or succeed in the qualifying process.
"The 'champions' route to qualifying should see Celtic overcome the two or three ties in front of them.
"The harsh reality is that last season they spent in excess of £200m on players and still couldn't get through the group stage.
"It's a problem Neil Lennon has to cope with."
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