A big update has emerged regarding Rangers talent Alex Lowry and his future at Ibrox...

What's the talk?

According to Football Insider, a Gers source has revealed that the club are close to agreeing a new contract with the academy prospect.

The report claimed that Ross Wilson is on the verge of securing the gem's future at the club, despite previous fears that he was going to move south of the border amid interest from England.

Newcastle and Manchester City have both registered an interest in signing the central midfielder, but they now look set to miss out on his services.

Van Bronckhorst will be buzzing

Giovanni van Bronckhorst will surely be buzzing with this news, as it suggests that Lowry will not be on his way out of Glasgow at the end of the season.

His current deal at Ibrox is due to expire in the middle of 2023 and Rangers would have been in a difficult position with him this summer if they had not agreed a new contract with the youngster. Clubs outside of Scotland would have been able to agree a pre-contract with Lowry from January 2023, so the upcoming transfer window would have been the club's last chance to recoup a significant fee for his services.

Therefore, these fresh terms for the youngster are set to prevent Wilson from needing to sell him to Newcastle or Manchester City for financial reasons.

Van Bronckhorst will be delighted with this because Lowry is a player that the club rate highly. They reportedly believe that he has a lot of potential at first-team level, which has been proven by his involvement in the senior squad this season.

The teenager has played four matches for the Rangers first team in 2021/22, scoring one goal and grabbing one assist in that time. He has already made his Premiership debut at the age of 18, which shows that the head coach believes that the youngster has the ability to make an impact for the club.

Therefore, securing his future in Glasgow represents a massive deal for Rangers, and Van Bronckhorst must be buzzing that he will continue working with him next term. He will surely be hoping that Lowry will be able to help the youngster fulfill his potential in 2022/23 as he hopefully emerges as a regular first-team option for the Light Blues.

AND in other news, 100% duels won: £18k-p/w Rangers "train" was outstanding against Leipzig on Thursday...