By Alan Hutton

19th Aug, 2021 | 5:00pm

Hutton: Rangers have drawn up new transfer shortlist as '£7m' Veerman deal off the table

Rangers will likely have drawn up a new shortlist of more affordable transfer targets after their Champions League exit.

So says ex-Ibrox right-back Alan Hutton, speaking exclusively to Football Insider about Rangers’ transfer hopes with 12 days remaining the window.

One name Rangers have been consistently linked with throughout the summer, by the Athletic on 17 July among others, is Joey Veerman.

The Heerenveen playmaker has three years to run on his contract and is said to be greatly admired by Ibrox boss Steven Gerrard.

But Hutton argues that big-money deals are out of the question following Rangers exit from Europe’s premier club competition.

“I think they’ll always have a target,” he told Football Insider assistant editor Russel Edge.

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“I don’t think because they’re not in the Champions League anymore that they will stop looking.

“They are always going to be active. The point is that the targets will probably have changed.

“You look at the likes of Joey Veerman for upwards of £7m. Would they be able to afford that now?

“I think they might have to look at cheaper alternatives. But they will always look to strengthen.

“That’s something they need to do to progress, you need to look forward.

“Celtic are still trying to bring bodies in and I’m sure Rangers will be the exact same.

“It’s just the financial side of things that’s changed and they’ll have to have a more strict budget to get players in.”

Rangers were dumped out of the Champions League after a 4-2 aggregated defeat to Malmo was sealed on 10 August.

They face Armenian side Alashkert in the first leg of the Europa League play-off round at Ibrox tonight.

In other news, Rangers defender backed to complete move to new club after update via the BBC.