Journalist Zinny Boswell has reported that Leeds United are unlikely to sanction a loan move for Joel Piroe to Celtic as they look to manage their finances this January.
Celtic have explored Piroe as part of their ongoing search for goals. A loan would suit Celtic’s approach during the window, both in terms of cost and timing. Leeds, however, are working under different pressures as they shape their squad for the months ahead.
Profit and Sustainability Rules continue to influence decision-making across the Premier League. Leeds are no exception, with player trading closely linked to what they can afford next. That has placed added importance on how any outgoing deals are structured.
Alongside this, Leeds are active in the market for another forward. Interest in Wolves striker Jorgen Strand Larsen has been reported elsewhere, and that potential move carries a high price. Any major addition would likely require funds to be freed up first.
Loan for Joel Piroe doesn’t make much sense for Leeds in terms of their PSR position. A move for Jorgen Strand Larsen, for instance, would be helped with a permanent sale. They have enquired to Wolves about the £40m striker, as others have reported, but that is all for now. https://t.co/bXGrGGP50A
— Zinny Boswell (@ZinnyBoswell) January 16, 2026
Leeds paid around £10 million to sign Piroe in 2023 and would be looking to recover a fee in that range. A permanent sale makes more sense in that context than a loan. It underlines why Leeds are holding firm on structure as much as price.
The comments underline why Leeds may be reluctant to allow Piroe to leave on a short-term basis. From their point of view, a loan does little to ease financial limits. A permanent deal would have a clearer impact on their PSR calculations.
That reality affects Celtic’s position. While wages may be manageable on a loan, Leeds’ priorities lie elsewhere. Unless a full transfer is on the table, progress could be slow.
Piroe’s situation at Leeds has already raised questions this season. His minutes have been limited in the Premier League, and competition in attack has reduced his role. Even so, Leeds must balance squad depth with financial sense.
The reported enquiry for Strand Larsen highlights where Leeds see their future. A £40 million striker represents a significant step and a clear statement of intent. To make that possible, outgoing business becomes more than optional.

For Celtic, the update sharpens the picture rather than closing the door. Interest in Piroe shows the level of striker being considered. It also shows the limits of what can be done when another club’s finances shape the outcome.
As the window moves on, Leeds’ next move will be key. If they decide to sell, space could open up for deals to progress elsewhere. Until then, Celtic’s striker search continues alongside a market shaped by PSR reality.

















