Alan Hutton has suggested Rangers could look to balance the books by selling one of their top assets in upcoming transfer windows.

Speaking exclusively to Football Insider assistant editor Russell Edge, the former Gers and Scotland defender claimed the club may have accepted an offer for Alfredo Morelos in order to boost their financial situation had the price been right.

A detailed analysis of the club’s recently-released accounts, which revealed a £15.9million loss for the Glasgow giants, by Football Insider has highlighted the impact of the spiralling wage bill at Ibrox, with four of their forwards all on £20,000-a-week or more.

The document, which states Rangers made just £700,000 from player sales over the year, has shown how Rangers need £8.8million of further funding to see out the season, while they will need £14.4million to meet next season’s obligations.

Hutton has insisted there are a number of players who Rangers could cash in on if need be and that they may look at offloading one or two to help cover their losses in the near future.

Asked if he thought Rangers had been expecting to sell someone like Morelos to balance the books over the summer, Hutton told Football Insider: Yeah, probably. I think if they got the number that they were looking for, was it just over £20million for Morelos, I think they would have taken in.

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“It would have kind of balanced up the books a little bit but I think if we’re looking at Rangers from an overall squad, there’s a lot of big assets in there.

“I know they don’t want to sell any, especially going for 55 titles but they’ve got a lot of assets and a lot of money that they could get from some players so I don’t think it’s a massive problem at the moment but moving forward, I think they could recoup some of that money through players.”

Rangers currently sit 11 points clear at the top of the Premiership table and are on course to qualify for the Europa League knock-out stages.

In other news, a leading English club want to re-sign Rangers ace in January as six-figure deal plotted.