Rangers have rejected a fifth and final offer for striker Alfredo Morelos, with Beijing Renhe offering £9.5million for the player earlier this week.
The Scottish Sun claim that the offer – which would have smashed Rangers’ transfer record of £9million for Alan Hutton in 2008 – was for a cash payment mostly upfront.
The deal would also have catapulted Morelos’ wages beyond the £30k-a-week mark, way beyond what he’s on at Ibrox.
What a statement of intent from Rangers and Dave King, after the Chinese transfer window shut last night.
It’s an incredible sum of money to turn down and puts paid to any rumours that the club is on the brink of financial ruin.
But beyond that it gives the club a huge boost too.
Murty’s men are on fire at the moment and while many people had written off the Scottish premiership as another Celtic win weeks ago, things aren’t quite so clear cut.
Rangers are currently six points behind Celtic and the next game could well be the Old Firm derby on March 11.
If rangers win that the gap will be three points and all the momentum will be with Rangers.
If Celtic slip up once and the gap remains three points you’d be hard pressed to find a neutral who would deny that Rangers have a shot at overhauling their bitter rivals.
How Rangers fans must be hoping that Celtic hadn’t collapsed in Russia as an extended European run would have put even more pressure on Brendan Rodgers’ men.
And pressure, at least domestically, isn’t something that they’ve had to deal with for a long time.
Morelos might well go in the summer, but whether that £9.5million is on offer again is up for debate.
However, by keeping him they’ve given themselves every chance of catching Celtic at the top of the table.
And an unlikely title win would be worth its weight in gold for Rangers fans – as well as ensuring that Morelos will still be in high demand come the summer.