Peterborough stance on Celtic transfer target Harley Mills
Taylor is out of contract and has interested parties across Europe as he is now a free agent.
It means fresh reinforcements are needed on the left-hand side with a decision yet to be made on a potential permanent move for Jeffrey Schlupp who spent the tail end of last season on loan at Parkhead.
Mills, 19, is under contract until next year at Posh and the club, it is understood, would prefer to sell rather than see their player leave on a free.
Read more: Celtic confirm Como Cup participation with four clubs involved
Ex-Celtic winger Daniel Arzani could return to Scotland as Hearts make him target
But while Celtic are believed to be keen on the defender, it's understood no official offer has been tabled despite suggestions that the League One side had received a bid.
Mills' performances brought eyes last season with scouts flocking to watch the promising young full-back.
Fulham reportedly submitted a £1million opening offer for the player which was knocked back.
Mills has made 28 senior career appearances to date and has chipped in two goals and two assists.
One of those strikes came in the Vertu Trophy Final vs ex-Celt Tomoki Iwata's Birmingham City at Wembley in April of this year.
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