Hibs reject second Riordan bid
By Peter ORourke
Last Updated: 01/01/70 1:00am
<EM>Skysports.com</EM> understand Celtic have failed in a second bid for Derek Riordan.Skysports.com understand Celtic have had a second bid for Derek Riordan rejected by Hibernian.
Celtic lodged an offer for Riordan last week, but Hibs rejected their initial overtures.
The rejection has failed to deter Celtic and they made a new improved offer over the weekend.
The new bid was believed to be in the region of £300,000, but Hibs are holding out for £500,000.
New Celtic boss Gordon Strachan has made Riordan one of his top transfer targets as he looks to reshape the squad at Parkhead.
Hibs have put Riordan up for sale after he turned down the club's offer of a new deal at Easter Road and they are now holding out for the highest offer from interested clubs.
Leeds are one of the clubs interested in Riordan and they have watched the 22-year-old on several occasions.
The only problem is that Leeds could struggle to meet Hibs' valuation of the player leaving Celtic as favourites to capture his signature.
Celtic are expected to maintain their interest in Riordan and are likely to make a new bid to try and lure him to Parkhead.
Hibs chief executive Rod Petrie has stressed although there is interest in Riordan they have received no firm offers as yet.
"There have been a number of discussions with a number of parties about potentially something happening. But it would be wrong to say there was any offer on the table," said Petrie.
"I do not believe we have had what we would regard as a firm offer."