Celtic are preparing to table a second offer for Torino's Lithuanian midfielder Gvidas Gineitis, with the Serie A club understood to be holding out for a fee in the region of £12 million for the 22-year-old.

The Glasgow club's pursuit of Gineitis continues to gather momentum, forming part of a busy summer window for both sides of the Old Firm as several transfer stories develop north of the border.

Rangers in talks for Markelo

Celtic's city rivals Rangers are in discussions with Coventry City over the potential signing of 23-year-old winger Jahnoah Markelo, according to Football Insider. The Ibrox side are actively shaping their squad ahead of the new campaign.

Ferry attracting cross-border interest

Dundee United full-back Will Ferry has emerged as a target for Anderlecht, who are in talks over a move for the 25-year-old. Newly-promoted Bundesliga club Schalke 04 also sent scouts to watch Ferry during Friday's draw between Dundee United and Rangers at Tannadice, according to the Daily Record.

Johnston sale on the cards

Celtic are expected to part ways with right-back Alistair Johnston this summer, with the Canada international likely to leave for around £14 million. Everton and Fulham are the two clubs reportedly vying for his signature, per Football Insider.

McKenna not a Rangers target

Scotland centre-back Scott McKenna is not being actively pursued by Rangers, despite reports linking him to Ibrox. The club explored a potential loan deal from Dinamo Zagreb several weeks ago before turning their attention to Olwethu Makhanya instead, according to Scott Burns.

O'Neill relaxed over centre-half options

Celtic manager Martin O'Neill has indicated he is not currently looking to bring in a new centre-half, following the return of Cameron Carter-Vickers from an Achilles injury, as reported by the Scottish Sun.

Ghedjemis absence raises questions

Algeria winger Fares Ghedjemis, who has been linked with both Celtic and Rangers, was notably absent from the Frosinone squad for a pre-season friendly against Benevento, the Scottish Sun reports. Both Glasgow clubs are believed to have monitored the player.

Tavernier attracting French interest

Former Rangers captain James Tavernier, who became a free agent after departing Ibrox in May, is drawing attention in France. Paris FC and Nice are both said to be showing interest in the experienced winger, according to Ben Jacobs.