Alan Hutton insists that Rangers did the right thing after goalkeeper Wes Foderingham claims he was “priced out of a move” at Ibrox.

The former Gers and Scotland defender, speaking exclusively to Football Insider assistant editor Russell Edge, believes the Light Blues could not afford to let a “very good” keeper leave on the cheap, even if he was backup to Allan McGregor.

Foderingham, who was released by Rangers last week after 143 appearances across five years, revealed to the Open Goal podcast that he expected to leave in the summer of 2018 but that the club’s asking price “wasn’t realistic.”

However, Hutton insists that Rangers made the right call in keeping him on board, suggesting they would have needed to splash the cash on another keeper had they let him go.

Hutton told Football Insider: “I think that’s what they’re talking about when he says they’ve priced him out – knowing they need, probably, a very good goalkeeper as backup.

“They’d have wanted to keep him, I think he’s done a very good job before Allan McGregor came back to Rangers so to have somebody with the ability that he has as a backup was really good for Rangers to have.

“Put the price a little bit high, maybe try to scare off one or two people off that maybe think they could nick a move.”

Speaking to the Open Goal podcast, Foderingham said: “I thought I was leaving that summer but I spoke to my agent and he said the club wanted X amount for me but no clubs were biting at that amount.

“The club said I wasn’t going on loan, they wanted that figure so I was priced out of a move at that point. As time goes on your price drops but it wasn’t a realistic figure for me to get out at that point.”

In other Rangers news, Hutton claims the club in pole position to sign an “unbelievable player”.