Rangers have been hit by a major transfer blow after being told by Liverpool that Ryan Kent’s price tag has soared to £12million, Football Insider understands.

Steven Gerrard has held discussions with his former club about what it would cost to take the winger to Glasgow permanently next season.

An Ibrox source has told Football Insider that the increased valuation rules Rangers out of signing Kent on a full-time basis.

Kent gave hope that a permanent deal could be negotiated when he revealed earlier this month he is keen on settling down in Glasgow after a series of failed loans in the past.

Rangers are convinced they would be in the running if a fee of around £6million could be agreed but Liverpool’s price tag means the 22-year-old’s future lies elsewhere.

That is a shattering blow for Gerrard, who has insisted he would fight tooth and nail to keep the young winger, who was named the Scottish Young Player of the Year for his exploits this season.

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Kent has had the best campaign of his burgeoning career, scoring six goals and supplying nine assists from 42 matches in all competitions.

Liverpool are set to offload the attacker this summer, with his path at his parent club blocked by a host of world-class forwards.

In other Rangers news, it can be REVEALED that an English club want to sign Ibrox 25-year-old for a six-figure sum.