Rangers' hopes of signing Ryan Gauld this summer have taken a blow after it was revealed that SC Farense have triggered an extension to his contract, meaning that Steven Gerrard will no longer be able to bring him to Ibrox on a free transfer.

The former Dundee United man has been linked with a move to Rangers in recent weeks and it had seemed as if he would be available on a free transfer, as his contract was set to expire in the summer.

However, Portuguese news outlet O Jogo have now revealed that Farense have taken up their option of extending his contract by another year and will only let him go for €4m (£3.5m) this summer.

It is no surprise that the Lions of Faro are keen to receive a fee for the 25-year-old, although they will perhaps be resigned to seeing him leave following their relegation from the Portuguese top flight, especially with a number of Premier League and Championship clubs also reportedly showing an interest.

Despite his price tag, which would likely make him the third-most-expensive signing of the Gerrard era at Rangers behind Ryan Kent and Kemar Roofe, his performances in recent seasons certainly suggest that this would be a deal worth doing for Ross Wilson this summer.

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Farenese's former manager Sergio Vieira was full of praise for Gauld last season, saying: “He has given us fantastic individual quality, played most of every 90 minutes and has been crucial in contributing with assists and goals.

“He’s a great player, technically very developed and, with the ball at his feet, capable of realising actions that only the best players do."

Gauld contributed an impressive nine goals and seven assists in 33 league appearances this season and has averaged a solid 7.19 rating from WhoScored, which certainly suggests that he could be a stellar addition to Gerrard's side ahead of their return to the Champions League next season.

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Therefore, despite this setback, Wilson should definitely act quickly if he wants to bring Gauld to Ibrox this summer.

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