Josh Mulligan is considered a valuable player for Hibs, but the club's determination could be challenged as the deadline approaches, particularly after the club did not secure European football and the financial benefits associated with it.

Josh Mulligan, a 23-year-old Scottish right midfielder, is a subject of transfer speculation. He is listed among players who are expected to attract attention because they are playing at a high level for Hibernian FC, for whom he has registered one goal and five assists in 22 Scottish Premiership appearances this season. The former Scotland U21 international joined Hibernian on a free transfer in July 2025 and has a contract until May 2029. Several clubs, including Leeds United, Celtic, and Nottingham Forest, have reportedly been associated with a potential transfer for the player. His market value is estimated by Transfermarkt to be €1.2 million. Reports from December 2025 described his release clause as being quite affordable and also suggested that a significant offer would be required for a January transfer.