Rangers have lofty ambitions when it comes to forming club partnerships and could pair up with a Scandinavian or top European team.

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Rangers turned down the chance to form an association with Bosnia’s most successful club Zeljeznicar.

The Scottish Sun reports that Rangers reneged on the deal after deciding it did not match their aims.

Rangers already have club partnerships with Hamburger SV, Bengalaru and Orange County SC.

And Maguire claimed that the Scottish champions will be looking to form bonds with more prestigious outfits after boosting their reputation under Gerrard.

He told Football Insider correspondent Adam Williams: “I think it was a development opportunity but I suspect that Rangers might be setting their sights a little higher now. 

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“They’ve won the Premiership this season and now they’ll be looking toward the Champions League next season.

“Could they find a partner elsewhere in Europe who is perhaps at a slightly higher level in light of that? Probably.

“We could well see some sort of partnership take place but I think it might be a little bit closer.

“It could be someone closer in Europe or even Scandinavia because Rangers will want to have as many players getting developed as possible.

“I think they’re now keen under Steven Gerrard to have a singular style of football. We’ve seen that work at lots of clubs. Partnerships can help develop that.”

Gerrard has overseen Rangers’ first Scottish Premiership title triumph in over a decade in 2020-21.

His side remain unbeaten in the league after 34 matches and have conceded just 11 times all season.

In other news, two Ibrox players “upset” after Sunday’s victory over Hibs.