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The 21-year old ruptured his anterior cruciate ligament, after only five minutes of Celtic's Under 21 fixture against Partick Thistle on Monday night.
Maloney has been pushing for a first team slot all season, making regular substitute appearances, and has scored six goals so far this season.
At a time when Henrik Larsson is due to leave, and our need for a fully fit squad, Maloney's long term injury could not have come at a worse time.
Celtic-Mad wishes Shaun Maloney all the best, here's hoping for a speedy recovery!