Celtic won't be completing the signing of Benfica youngster Paulo Bernardo this summer, according to a new transfer update from his homeland.

The Lowdown: Celtic linked with Bernardo move

Ange Postecoglou will be hoping for a productive summer in the transfer window, as the Hoops look to build on last season's Scottish Premiership triumph and build a squad capable of challenging on multiple fronts.

One player who has been linked with a move in recent days is midfielder Bernardo, who is making a name for himself at Benfica, appearing 24 times for the first team to date, dubbed a player with 'endless' potential.

Now, it appears as though Celtic will need to look elsewhere, however.

The Latest: Transfer off the table

According to A Bola [via Sport Witness], there is not 'any kind of negotiation' between Celtic and Benfica over a summer move for Bernardo, pouring cold water on the claims.

The 20-year-old is expected to remain at his current club moving forward, with the Portuguese giants seeing him as an important figure for their future, even protecting that with a €100m (£85m) release clause.

The Verdict: Move on and look elsewhere

While this is a blow, considering Bernardo's standing as a talented young midfielder, it is no disaster to miss a target this early in the summer and Postecoglou has plenty of time to move on and look at alternatives.

Midfield is certainly an area of the pitch that needs additions this summer, with Tom Rogic and Nir Bitton moving on and leaving a sizeable void in the middle of the park.

Someone older than Bernardo would make sense however, in terms of coming in as an immediate regular with experience on par to one of those departing heroes, while David Turnbull could be ready to go up a gear, too.

In other news, Celtic have been backed to seal the signing of one player. Find out who it is here.