Joe Dodoo secured a major pay-off from Rangers before accepting a short-term offer from Bolton Wanderers this week, Football Insider understands.
The Scottish giants told the forward, 24, at the start of the summer he was free to find a new club as he was not in Steven Gerrard’s plans for this season.
Dodoo, 24, had spent the previous two campaigns out on loan at League One clubs – at Charlton Athletic in 2017-18 and Blackpool last season.
A versatile forward who can play down the middle or out wide, he made a decent impression for the Tangerines, scoring six goals and providing four assists from 25 appearances.
But Dodoo struggled to secure the offer of a long-term contract from an English club in the top three divisions that he was seeking.
Ibrox sources have told Football Insider the former Leicester City forward did not want to drop down to League Two and felt he had done enough to entice a third-tier outfit at least.
This led to a stalemate with Rangers as negotiations over Dodoo’s future continued right up until the Scottish window shut at the start of last month.
League One and League Two clubs down south were still able to do business and Bolton Wanderers were suddenly trying to assemble a first-team squad within 24 hours after being saved from the financial abyss.
Dodoo was on their target list but a deal could not be agreed on a remarkable deadline day in which they signed nine players.
That evening, Rangers announced on their official website that they had come to an agreement with Dodoo to terminate his contract by mutual consent.
There was interest from Bolton, and also League One rivals Doncaster Rovers, but a deal could not be agreed in time.
The sources explained that Dodoo felt it would be easier to secure a new club as a free agent. Rangers wanted him off their wage bill, and with him, way down the pecking order, were willing to fund some of his departure.
The final pay-off agreed was “sizeable” and meant Rangers taking a financial hit, something the club have got very used to in recent years as various signings have failed to come off.
Dodoo will now look to reignite a career that had once had scouts from Premier League clubs beating a path to his door.
He has fallen down the ladder but can rise again if he makes a big impact at Bolton this season.