Sky Sports sources understand Celtic will not be making a move for Braga winger Helder Barbosa.
Barbosa's agent, Angelo Martins, told the Daily Record: "At this moment, the interest from Celtic is still there and is, I think, stronger than before. Helder would be thrilled to go to Celtic, I can assure you."
But Celtic have distanced themselves from any January move for the Braga wide man.
Neil Lennon is thought to want to strengthen his attacking options in the January transfer window ahead of the resumption of the Champions League in February.