Luis Palma's potential transfer to Rayo Vallecano is in jeopardy due to FIFA's transfer ban on Rayo Vallecano. The club is fighting the ruling, and manager Inigo Perez has stated that he has not been informed of any move for Palma, despite being aware of the player's abilities.

Luis Palma was reportedly close to a deal with Rayo Vallecano according to Spanish reports. However, the club's significant financial problems have prevented them from completing the transfer.

The Daily Record has reported on the potential transfer of Luis Palma from Celtic, which is encountering complications because of FIFA's intervention. The potential departure of Luis Palma from Celtic is at risk due to FIFA's involvement, leading to Rayo Vallecano being handed a three-window transfer ban. It was reported that the Spanish club was close to securing a loan deal for Palma, with an option to permanently sign him for €2.5 million next summer. Palma, who netted 10 goals in his first season at Parkhead, has seen his position decline under Brendan Rodgers.

The Daily Record reports on Luis Palma's impending move to La Liga side Rayo Vallecano. Luis Palma is on the brink of securing a switch to La Liga side Rayo Vallecano. He has been reduced to a bit-part role at Celtic and is now set to leave the Premiership champions on loan. Vallecano have included a buy option in the deal. Palma is expected to have his medical in Madrid next week and is in line for game time at Vallecano as both a No.10 and a wide man.