Carlos Pena’s year-long loan deal with Cruz Azul appears to have ended much earlier than expected after Pedro Caixinha confirmed that the Rangers midfielder’s agreement is on the verge of being ripped up.

Despite this, the 28-year-old Mexican has absolutely no chance of earning a Rangers return – and his loan side could end up having to pay the midfielder’s wages until the end of the year when his loan deal was due to expire.

Pena joined Caixinha in Mexico City in January just six months after leaving Chivas Guadalajara to link up with Caixinha at Ibrox but his loan spell in his homeland has been a disaster following a number of high profile incidents – leading to Caixinha claiming Pena wouldn’t be with Cruz Azul any more.

“When you go against the rules, principles and values… That’s the decision with Carlos, he’s not going to stay with us,” said Caixinha, as quoted by ESPN Mexico on their official Twitter account.

The big problem for Caixinha and Cruz Azul now is FIFA’s transfer regulations and the fact Pena’s registration can’t be returned to Rangers until the transfer window re-opens in Scotland on June 6th – but even then it is still far from certain that would be the end of it.

Subscribe to Football Insider TV now

After joining Cruz Azul on a 12-month loan deal, Rangers may well demand the Mexican’s uphold their side of the agreement and keep the player – even if they refuse to play him – for the next eight months.

Either way, barring some sort of miracle, there’s absolutely no chance of Pena being at Rangers when Steven Gerrard arrives to take charge of the Ibrox giants next month.

In other Rangers news, the Gers are firmly in the running to sign this Premier League enforcer who has put his £4.5million mansion up for sale ahead of summer move.

Don’t miss out on breaking and exclusive Rangers news by clicking here for our brilliant 24/7 updates on Facebook, Instagram and YouTube.