talkSPORT expects it to be resolved shortly.
Tottenham have emerged as the late favourites to make the signing – news that will come as a bitter blow to Norwich City who had made the striker their top target.
The 24-year-old is being chased by the Premier League pair after enjoying a fantastic season for Neil Lennon’s side in Scotland, with the highlight being his Champions League performances against the mighty Barcelona.
Celtic are desperate to hold on to their main man, especially considering they have the small matter of a Champions League knockout tie with Juventus coming up next month.
Tottenham are understood to have sent scouts to watch Hooper during Celtic’s 4-0 victory over Dundee United, and are set to step up their attempts to sign him.
Andre Villas-Boas is in the market for another striker, with Jermain Defoe and Emmanuel Adebayor the only senior forwards on the clubs books, with the latter also currently away at the African Cup of Nations for Togo.
Norwich have already seen a £5 million plus player bid rejected by the Bhoys, who are holding out for a £7m fee.
Tottenham are understood to have begun talks of their own, and are thought to be the club in pole position to sign the former Scunthorpe United and Grays Athletic man.