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Published 09:01 1 Apr 2017 BST
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"He needs another year of Champions League experience and the confidence of scoring goals and playing for such a big club, and probably then it’ll be time to fly."
Dembele has scored 22 goals since moving from Fulham last June and has proven himself one of the most vital cogs in Rodgers' Celtic revolution.
But, as we all know at this stage, money talks in modern football.
"That’s the modern game," the former Liverpool manager continued. "The big clubs in Europe are always crying out for a centre forward.
"It’s just a natural process where if you’re on X amount of money and someone offers you Y amount of money, and the club get offered a ridiculous amount of money then you have to respect that.
"That’s unfortunate. I don’t like it. For me, this is a big club and we should never have to sell anyone. But because of money that is not the reality.
"If it’s the right thing to do and all parties are happy then it’s our job to make sure we’ve got the next one coming in.
"To circle it back, he’ll certainly be here right up until Champions League qualification. If there’s interest then we’ll sit down and talk about it."
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