By Pranav Shahaney

25th Jun, 2021 | 8:05pm

FC Porto reach 'full agreement' with Rangers for sale of Alfredo Morelos

FC Porto have reportedly reached a ‘full agreement’ with Rangers for the sale of Alfredo Morelos.

The Colombian striker has been subject to transfer interest from the Champions League quarter-finalists, and they have now reached an agreement to sign him, according to Portuguese radio station Antena 1.

The Scottish Sun recently reported that Porto were looking to step up their efforts to sign the Colombian forward after their Financial Fair Play (FFP) sanctions ended.

They spoke about a bid in the region of £10million being tabled next week, but things have appeared to escalate in the last 24 hours.

It was also mentioned that Rangers were looking for a fee in the region of £15 million and £20 million, so Porto could’ve tabled a higher bid.

A major blow

Morelos is pivotal to the way we play. He’s led this Rangers front line with aplomb and Steven Gerrard is not going to be a happy man once the Colombian walks out of the door at the Ibrox Stadium.

He was also labelled ‘outstanding’ by Colombia boss Carlos Queiroz last June. [Daily Record]

While we are one of the richest clubs in Scotland, we do not have unlimited cash reserves to sign a player of Morelos’ calibre without it taking a huge chunk from our transfer budget.

Much like Morelos’ acquisition, we’re likely to go down the prudent route and sign a relative unknown on the cheap hoping that he becomes the next big thing in Scottish football.

We signed him for £1million in 2017, and are set to make a huge profit from his sale

Alternatively, we could be ambitious and sign someone with the lure of offering him Champions League football.

Hopefully, we get a sizeable amount from Morelos’ sale which we can then put back into making this squad good enough to compete on the European stage.

In other Rangers news, Report: Gers-linked international defender close to completing summer move