Despite winning his second European league title with Olympiacos, Luis Palma’s time in Greece has been anything but straightforward. Although he was part of the squad that secured the league title, Palma has struggled to earn regular starting spots, raising questions about his future at the club.

He played his part in Olympiacos’ Greek Cup semi-final win against AEK Athens, where he scored and assisted in a 6–0 victory, was a clear sign of what he can do when at the top of his game. However, these moments of brilliance have been few and far between, leading to concerns about how he fits in the team.
This uncertainty over his role has left many questioning whether Olympiacos will take up their option to buy him permanently for £3.5 million at the end of the season. The club’s decision will likely depend on how they assess Palma’s overall impact in the second half of the season, but if his current form continues, the likelihood of a permanent deal seems slim.
While the Greek side holds an option to buy him permanently, it appears more likely that Palma will return to Celtic in the summer, especially given the lack of significant interest from other clubs so far.

Reports have linked Palma with a potential move to Ukrainian side Dynamo Kyiv, but these have been swiftly refuted by Ukrainian media, who state that no inquiries have been made. This leaves his future hanging in the balance, with Olympiacos yet to fully commit to signing him long-term. Given the limited playing time and his struggles to secure a starting role, it’s hard to imagine Olympiacos pulling the trigger on the option to buy.
For Celtic fans, it’s a situation that will be watched closely. Palma, who was a part of the squad that helped Celtic to a Scottish Premiership title last year, has not yet lived up to expectations during his loan spell in Greece. If he does return to Glasgow, it remains to be seen whether he will have a future under Brendan Rodgers. As it stands, Palma’s future appears uncertain, and his time in Greece may well prove to be a short-lived loan spell in his career.