Paulo Bernardo’s move to Celtic is set to be completed over the next day or two, after the major breakthrough earlier this week when Celtic and Benfica reached an agreement on the transfer details and the player was given permission to travel to Glasgow to conclude his own financial terms with the Scottish Champions and Scottish Cup holders.

Informed Portuguese media outlet A Bola last night provided details on the move and brings some clarity to the remuneration package that appears to have been agreed between the player and his representatives and Celtic, which is despite earlier concerns, well with the wage structure at Celtic.

A Bola’s report reads as follows:

The Portuguese midfielder is expected to earn around €4 million and is set to sign a contract with Celtic until June 2028.

Celtic and Benfica have reached an agreement for the transfer of Paulo Bernardo, the Scots say.

Information provided by most of the media that closely follows the Glasgow team’s current affairs indicates that the transfer of the 22-year-old Portuguese midfielder will cost £3.5 million, approximately €4.2 million.

Paulo Bernardo should therefore soon join Celtic, where he did well last season, on loan from the Reds, and where he will have a contract waiting until June 2028.

There are still variants of the contract related to Benfica’s demands, which wants to protect itself in relation to a future transfer, with part of the transfer fee or percentage in the deal, as happened when Jota moved from Celtic to Saudi Arabia.

So the key factors are as follows:

1. The transfer fee will be €4.2 million, which is around the £3.5m previously reported on The Celtic Star.

2. The contract length will be four years running through until June 2028.

3. Bernardo’s wages will be €4 million over the length of the contract, so €1 million per season which works out at around £16k per week. As is always the case there are likely to be the usual bonuses for winning trophies, winning matches in Champions League and so on.

4. A sell-on clause is to be included within the deal but that remains the unknown factor. In the earlier Jota arrangement that was around 30% and presumably Celtic will be looking at this as their ceiling for this and any future deals with Benfica. However the Portuguese side may be looking at a higher sell-on percentage given that they have re-negotiated the transfer fee down from the €6.5m originally agreed ahead of Paulo Bernardo’s loan spell at the Celtic last season.

Hopefully this is all sorted over the next few days and Paulo can make his way to the United States to join his teammates in their three match tour and pre-season training work.

Here’s a full round up on what’s been happening as summarised on our sister site Celticshorts.com …

ON CELTIC SHORTS – Bosun Lawal and Odin Thiago Holm given Celtic reality warning from Rodgers…

ON CELTIC SHORTS – Paulo Bernardo on his way back to Paradise

ON CELTIC SHORTS – Brendan’s busy but no back-slapping until signings are all signed, sealed and delivered

ON CELTIC SHORTS – Wait all summer for one then two come along at the same time