Celtic and Rangers will battle for the signing of exciting Motherwell youngster Bailey Rice this summer, according to a new transfer rumour.

The Lowdown: Rice a bright prospect

At just 15, Rice is already making a name for himself, winning 11 caps for Scotland's Under-17s and being touted as a future star in defensive midfield.

He is the latest player to emerge from Motherwell's talented youth system, with David Turnbull another who came through it before joining Celtic.

Now, it appears as though Rice could be joining the Hoops man at Parkhead, but they will face competition from the other side of Glasgow.

The Latest: Celtic in the mix

According to The Daily Record, both Celtic and Rangers have submitted bids for the teenage midfielder, although an unnamed Premier League club are also thought to be eyeing him up.

Rice is described in the report as 'one of the best young players in Scotland' and he will be able to sign a professional contract when he turns 16 in October.

The Verdict: Long-term signing

Hoovering up the best Scottish talent is something that Celtic have done down the years and it is important that they continue to do it, ensuring a homegrown nucleus exists in the squad.

Rice looks like a huge prospect who could eventually mature into a key man at Parkhead, while beating Rangers to his signature would of course be an added bonus.

Turnbull is proof of how a supremely gifted Motherwell youngster can eventually make the grade at Celtic - at 22, he now has 77 Hoops appearances to his name - and Rice should use him as inspiration and look to follow in his footsteps.