FC Lausanne-Sport have reduced their asking price for Celtic transfer target Alvyn Sanches, according to reports.

It's claimed the Swiss club have chopped their valuation of the 21-year-old midfielder by £1m.

Brendan Rodgers is thought to be keen on Sanches with Celtic having reportedly held extensive talks over a transfer move, but no formal bid has been made.

The Express claims Celtic have been tracking Sanches for the last 18 months with scouts expecting the player to develop into a top talent.

While several clubs are thought to be interested in Sanches, it's claimed Celtic have 'done more legwork than most' in discussing a possible transfer deal.

The outlet have also stated Celtic would only have to shell out £3m on Sanches, rather than the £4m initial transfer demand.

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While FC Lausanne-Sport are under no pressure to sell, it's thought Celtic would have no issue agreeing personal terms with the player should a fee be finalised.

Ramon Vega previously tipped Sanches to become a £20m player should he make the move to Celtic as a possible replacement for Matt O'Riley.

"Alvyn Sanches is a good prospect, especially for a club like Celtic," he said. "He is a great talent. I have read that Celtic are in the market for a Matt O'Riley replacement. To fill that void will be very difficult. If Celtic signed Sanches now then he could make them a lot of money in resell value in two to three years.

"If Sanches signed for Celtic now and he did well, I could see him becoming Celtic's next £20 to £25 million-plus player just like O'Riley.  If he signs for a club like Celtic and plays the way I think he can play then within two years he would be a minimum £20 million player."