According to Daily Record, the two parties are currently locked in talks and they are on the verge of an agreement.
Celtic currently have a £25million contract with New Balance which expires at the end of this season.
The new deal with Adidas will help them financially. Celtic need to improve their squad and the extra money from the kit deal will provide extra transfer funds.
It will be interesting to see when the club announces the agreement with the world’s second-largest sports manufacturer.
They need to sort out the formalities of the deal soon and start planning for the summer transfer window now.