Celtic are weighing up their options regarding the future of their B team next season, according to fresh reports.

The Sun have reported that the club are "considering their options" as to whether or not this iteration of Celtic will continue to ply their trade in Scotland's fifth tier.

This development comes hot on the heels of Rangers announcing last night that they would not be entering a B team into the Lowland League next season.

Rangers said in their statement: "Firstly, Rangers would like to put on record our sincere thanks to the Lowland League for hosting a Rangers B team in their league for the past two seasons, and to the clubs for their fantastic hospitality and sporting challenges during that time. Rangers wishes each and every one of them the very best for the future.

"Rangers has long been a strong advocate for the introduction of B Teams in the professional leagues of Scottish football, with a Conference League being an excellent step in that direction.

"Nations across Europe operate similar B Team systems with strong evidence of their development of players at club and national level."

"Our view on B Teams was also strongly supported by the Scottish FA and its CEO Ian Maxwell, who recognise the clear, beneficial impact B Teams have on top international sides. For 18–21 year-old footballers, our research and the evidence clearly shows the best path for their development is playing professional football in professional leagues.

"A Conference League would have been a positive move towards that."

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Celtic and their nearest rivals have both had teams in the division over the past two seasons, with Hearts' B team joining the league last campaign. 

The report speculates that Celtic were hoping that the Conference League proposal would have been voted through, much like Rangers did.

This vote was scheduled to be taking place last week at the Scottish FA AGM but was cancelled before it could even transpire due to public declarations from multiple clubs involved in the voting process.

As a result of this, the report says that Celtic are now weighing up what the best options are for their academy and young players going forward, with nothing off of the table as of this point.