Celtic's transfer business has faced scrutiny over the last three summers.
A report by the CIES Football Observatory ranks Celtic's squad value 97th globally, worth €141m (£122.68m), surpassing teams like Botafogo, Lokomotiv Moscow, Dinamo Moscow, and Espanyol.
Celtic's squad is worth more than several notable teams.
In comparison to Rangers, Celtic's ranking is revealed in the report of the top 100 most valuable squads.
Author's summary: Celtic ranks 97th in global squad value.