Olympiacos is pressing to sign Luis Palma, utilizing the financial problems faced by Rayo Vallecano. Reports from Spain and Honduras indicate that Olympiacos is keen on acquiring the Honduran international winger, who has made 10 appearances for Celtic this season without scoring. Previously, he played in 40 matches with 12 goals. Palma was close to a deal with Rayo Vallecano, but the Spanish club's significant financial issues have hindered the transfer, prompting Olympiacos to make a move.

Olympiacos from Greece is reported to be interested in acquiring Luis Palma from Celtic. The winger, who has scored 10 goals across all competitions during his debut season at Parkhead, has drawn attention from various clubs due to his limited playing time under Brendan Rodgers. Although Rayo Vallecano was close to finalizing a loan deal for Palma with an option to purchase, a FIFA-imposed transfer ban on the Spanish club has stopped those plans. This development has paved the way for Olympiacos, along with Serie A's Genoa and MLS clubs, to show their interest in the 24-year-old Honduran winger.