Kevin Phillips has tipped Sunderland to sign Jordan Jones permanently if they fail to achieve promotion this season.

The Stadium of Light legend, speaking exclusively to Football Insider, said the 26-year-old was available for “peanuts” after his near-£600,000 price tag was revealed.

Sunderland signed the winger from Rangers last month on a loan deal that will last until the end of the 2020/21 campaign.

Jones made his full debut in a 3-0 win at MK Dons in the EFL Trophy and he has made three further appearances in League One since.

Football Insider revealed on Tuesday that the Northern Ireland international is keen to return to England on a permanent basis with Rangers seeking a fee in the region of £600,000 for his services.

Phillips is adamant Jones is “worth the gamble” in the summer.

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“It would be affordable for Sunderland,” he told Football Insider.

“I mean nowadays, that is peanuts. Sometimes it is not even worth thinking about, just do it. I know £600,000 sounds like a lot but in the grand scheme of things I think it is one that is worth the gamble.

Rangers

“If he continues to impress until the end of the season, there is a chance Steven might want him back at Rangers.

“If there is an opportunity for Sunderland to sign him permanently in the summer, especially if they are still in League One, then he is probably a player worth gambling on.” 

In other news, Kevin Phillips claims Sunderland boss Lee Johnson may regret key transfer decision.