Celtic are considering making an offer to buy A-League club Central Coast Mariners - the team from which they signed midfielder Tom Rogic.
The Scottish champions sent representatives to Australia earlier this month to visit the Gosford-based club's facilities and attend their 2-0 win over Sydney FC on November 10, according to a report in the Sydney Morning Herald.
A link between the two clubs was established in 2012 when Australian international Rogic moved from Central Coast to Celtic for a reported fee of around AU$700,000.
It's believed while the Hoops didn't make a concrete offer for the Mariners during their tour of the club, they have privately spoken of their eagerness to invest in the A-League once a new operating model is established - with Indonesian-owned Brisbane Roar also understood to be a potential target.
Celtic see a foray into the Australian market as a way of expanding their brand and utilizing player development outside of Scotland.
"I'm not surprised about their interest based on a new A-League operating model because I think it's got a lot of potential," Mariners chairman Mike Charlesworth told the Sydney Morning Herald.
"Frankly, I haven't personally spoken to anyone at Celtic, that's been handled by [chief executive] Shaun [Mielekamp] and [chief financial officer] Kathy [Duncan]."
City Football Group, the owners of Manchester City, already have a presence in Australia with the purchase of Melbourne City in 2014 adding to their stable of football clubs around the world - including New York City and Yokohama F. Marinos.