Celtic and PSG have agreed a fee for French striker Odsonne Edouard although there remains minor work to be done before the deal is concluded. 

The Parkhead club have been in negotiations with Edouard's representatives this week with the deal now close to completion.

It is understood that Celtic will break their transfer record to secure the player on a permanent deal with the figure close to the £10m mark for the 20-year-old forward. Edouard spent last season on loan at the club, netting 11 goals in 29 appearances.

Brendan Rodgers was open about his wish to secure the player on a permanent contract and Celtic are expected to make a formal announcement imminently.

The deal is close to completion with one or two issues still to be ironed out.

The Parkhead side have until the 16th June to activate the clause in Edouard’s contract with ongoing negotiations this week between the two parties believed to be fruitful.

Celtic’s cause has been strengthened by the fact that PSG have been told by UEFA’s financial fair play investigation that they need to sell £53m (60m euros) worth of players before the end of this month or else face a penalty for their overspending last year.

Read more: Not a cat in hell's chance Rangers will catch Celtic, says John Hartson

European football's governing body introduced FFP 'break-even' rules in 2013, requiring clubs to balance their spending with their revenue. Last season the French giants, owned by the Gulf state of Qatar via its Qatar Sports Investments fund, spent £200m on Brazilian star Neymar while also taking Kylian Mbappe on a loan deal, for which they will pay £167m to Monaco to activate their clause for the player this summer.

However, in order to avoid facing sanctions from UEFA they need to balance their books before the end of this month meaning that there has been a need from PSG’s end to see a swift conclusion to the Edouard deal.

Read more: Alan Stubbs says Celtic boss Brendan Rodgers started Scottish football revolution​

Goncalo Guedes’ sale from PSG to Valenia will make up half of the shortfall – the winger will go to Spain for £31m after a successful loan spell – but the French side still need to make up the remainder between now and 30th June.

That should see Celtic complete their first signing of the summer with the club prepared to break their transfer fee to secure the services of the highly rated French star.