By Wayne Veysey

Rangers have agreed to hand Ryan Kent a lucrative contract as well as a £7.5million fee to Liverpool to sign him on deadline day, Football Insider understands.

The Glasgow giants announced the permanent capture of the forward, 22, late last night following a summer long-pursuit that took a decisive turn on yesterday morning.

Ibrox sources have told Football Insider that Rangers will pay Liverpool a guaranteed £6.5million for Kent plus £1million in performance-related add-ons.

The Light Blues have also rewarded the Anfield academy product with a pay rise that will see him catapulted into the top bracket of earners at the club.

Kent’s four-year contract is worth more than £20,000-a-week, taking the potential total cost of the transfer beyond the £12million mark.

It is a massive outlay for Rangers and their biggest on a single player since Michael Ball signed from Everton for £6.5million in 2001.

Only the club-record £12million capture of Tore Andre Flo in November 2000 has exceeded the sum that Dave King and the Ibrox board have paid out to land Kent.

The blockbuster deal is a huge statement of intent from the club hierarchy after Sunday’s harrowing 2-0 home defeat to Celtic.

Rangers were comfortably swept aside by their bitter rivals after a fine start to the season following Steven Gerrard’s decision to start with the likes of forwards Alfredo Morelos and Sheyi Ojo on the bench.

In other Rangers news, it can be REVEALED that a medical has been completed and an English club is poised to sign Ibrox forward.