By Richard Parks

Allan McGregror has agreed the terms of a two-year contract with Rangers, according to a reliable journalist.

Press Association correspondent Andy Newport revealed on his personal Twitter account on Wednesday afternoon that the goalkeeper is on the verge of a return to Ibrox six years after he left.

Newport explained that the transfer is expected to be finalised “by close of business today” as Rangers put the finishing touches to their second signing of the summer.

The highly-experienced shot stopper left Rangers as a free agent when they went into administration in 2012, having made 250 appearances for the club.

Football Insider verdict:

Two signings in a matter of days is the sort of heady start to the window that Rangers desperately need if they are to get anywhere close to narrowing the gap on Celtic. Like Monday arrival Scott Arfield, McGregor will head back to Scotland as a better player than the one who left six years ago. A proven performer in the Premier League and the Championship, the goalkeeper has showed few signings in the last 12 months of his levels dropping and should immediately add a more formidable look to a backline that has been too shaky for too long. Indeed, there is a strong argument to state that McGregor is stronger than his equivalent at Celtic, fellow veteran Craig Gordon. No other Rangers player could make such a strong case, with perhaps the exception of James Tavernier, but he might not be around next season to prove why he is better than Mikael Lustig. Rumours are rift that the new signings will be followed by a firesale to pave the way for the Steven Gerrard revolution.

In other Rangers news, Jamie Redknapp has named the players he expects his former Liverpool teammate Gerrard to sign this summer.

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