The frontman for Ivory Coast, pulled out of his country’s Olympic squad in order to move to Buffalos. However, he must have a visa and medical approval.
The club now has a staggering PS18 million in player sales from January to the 24-year-old Parkhead.
They have spent PS400,000 so far on development fees for Liam Shaw and Osaze Urhoghide, but there is a PS4million deal for Rubin Kazan's Carl Starfelt.
SunSport has understood that Gent have scouted Bayo, who was purchased from Dunajska Streda in Slovakia for PS1.8 million on a four-year contract in January 2019, since the beginning of the year.
Bayo was a member of the Ligue 2 team last season and impressed so much that they wanted to bring him back for another season.
However, Toulouse was unable to meet Celtic's asking prices for a permanent contract - so Gent have swooped.
Brendan Rodgers signed Bayo. He scored just four goals in 17 appearances with Celtic, and never seemed like he would be a good fit.
Ange Postecoglou, Hoops boss, will benefit from the funds.
Jeremie Frimpong, an initial PS11 million from Bayer Leverjusen- Hatem Elhamed and Patryk Klimala have also moved on since the beginning of the year.