Rangers are confident they have lured a £3million player to the club after beating Premier League clubs including West Ham to the signing of Calvin Bassey.

Football Insider exclusively revealed on Saturday afternoon that the left-back, 20, was headed to Ibrox after rejecting a new contract at Leicester City.

It was announced by the Glasgow giants later that day that Bassey has signed a pre-contract to join Rangers and he has agreed a four-year deal that will begin when the transfer window opens.

Ibrox sources have told Football Insider that director of football Ross Wilson and manager Steven Gerrard believe they have snapped up Bassey for a bargain fee.

Cross-border rules mean Rangers will only need to pay Leicester a fee of around £300,000, avoiding the need to pay the same compensation for development costs as clubs down south.

One source said Bassey is essentially a “£3million player” recruited for a tenth of that amount.

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With his Leicester contract expiring this month, there was interest in him from Premier League clubs, including West Ham, who tabled a bid earlier this year that was rejected.

The youngster wanted to develop his game by playing first-team football at a high level rather than Under-23s for a Premier League big hitter.

An attacking left-back who can also slot into central defence, the youngster has played extensively for Leicester’s Under-18s and Under-23s side and featured for them in the UEFA Youth League.

Born in Italy and raised in England, but also qualified to play for Nigeria, he is tipped to progress to international level.

It makes him a real coup for Rangers, who have long identified the need for top-class competition and cover for Borna Barisic at left-back.

They released Andy Halliday and Jon Flanagan last month.

In other Rangers news, Darren Bent has been blown away by “humongous news” coming out of Ibrox.