By Wayne Veysey

19th Apr, 2017 | 3:34pm

Betting update: Short odds on Rangers playmaker transfer after major development

By Harry Sykes

Birmingham are hot favourites to sign Niko Kranjcar from Rangers this summer, according to the latest bookmakers’ odds.

Bet Victor have priced the English Championship club at 3/1 to land the Croatian playmaker before the transfer window closes on 3 September.

The betting company have opened a market on Kranjcar after Harry Redknapp was appointed the new Birmingham manager on Tuesday.

Kranjcar has played for the veteran manager at three different clubs, firstly Portsmouth, then Tottenham and, finally, Queens Park Rangers.

Redknapp has never hidden his admiration for the Croat, who signed a two-year contract when he moved to Ibrox last summer.

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“Technically I think he’s a fantastic footballer and he’s a great lad, I enjoy working with him – and he’s always done well for me,” explained Redknapp, who has been appointed by Birmingham until the end of the season.

“He’s the type of lad you like to see, and I look forward to seeing him everyday. He’s a top-class bloke.”

Kranjcar is rehabilitating from a cruciate ligament injury that he sustained back in October, just two months after joining Rangers.

The 32-year-old explained in a recent interview that his plan is to return to full training at the start of May and focus on giving his all for the Rangers next season rather than rushing back before the Scottish Premiership run-in finishes.

“I have a regular six month check-up with the surgeon at the beginning of May and I’ll talk with him about where I am at and what I am doing,” said Kranjcar to the official Rangers website.

“The goal since the surgery was to get fit, go through the pre-season and then be more than ready for next season.”

Kranjcar was signed by former Rangers manager Mark Warburton following his release from American outfit New York Cosmos.

The 81-times Croatia international had a mixed start to his Ibrox career as he struggled with his fitness and looked a shadow of the player who once tore opponents to shreds during his prime.

Kranjcar scored three goals and supplying three assists from 15 appearances in all competitions but only one of those goals came in nine league encounters as he struggled to make an impact against the stronger teams.

In other Rangers news, a midfielder deal has been secured after terms were agreed.

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