A major development has emerged regarding Porto's pursuit of Rangers forward Alfredo Morelos.

What's the talk?

According to Portuguese outlet Jornal de Noticias, as transcribed by Glasgow Live, Porto are moving away from their pursuit of the Colombian due to the Scottish champions' valuation of the striker. The Gers are said to be demanding a fee of €15m (£12.8m) for their centre-forward and Porto are unable to afford that amount.

The report claims that the Liga NOS giants are now looking at Manchester City's Lukas Nmecha as an alternative to the Gers hitman and could bid for the Germany under-21 international in the coming days, putting an end to their interest in Morelos.

Fans will love it

Rangers fans will surely be buzzing with this news as it means that the club are now unlikely to lose their first-choice striker this summer.

Never say never in football as the transfer window is still open for another two months and there is plenty of time left for the scenario to change, but Porto appear to have been put off by the £12.8m asking price and Ross Wilson is pulling off a masterstroke by being firm in the negotiations.

It is a win-win situation for Wilson and Rangers. Either Porto or another club stump up a club-record transfer fee to take Morelos away from Ibrox, or he stays in Scotland and continues to score goals to potentially help Steven Gerrard's side win trophies next year.

In terms of a potential sale, Gers fans may be content with seeing him depart if the fee received was the biggest in the history of the club, which £12.8m would be, as it would give Gerrard plenty of money to go towards improving several areas of his squad.

Supporters would surely love to see him remain in Glasgow, though. His record in the Premiership is astonishing, with 54 goals and 21 assists in 109 appearances - more than one goal contribution every other game for Rangers domestically. Speaking anonymously to The Athletic in 2019, one Premiership defender hailed the Colombian international's “excellent” ability to use his body in order to turn defenders and make chances for himself.

He told The Athletic: “When he goes to shield the ball it’s so difficult. His body strength and ball control are very good, so he makes it very difficult for you. He is deceptive with his physical attributes, but what I’d say he’s best at is when the ball is played up to him. He lets you think that you can nip in front of him and then his timing to put his body in and spin you is excellent.”

Therefore, if the £33,000-per-week beast is still a Rangers player come the end of the transfer window, it would be a major boost to Gerrard if no club is willing to meet his valuation. As long as Wilson remains firm in negotiations and does not waiver in his demands, the Gers chief is heading for a successful summer in terms of Morelos' situation at the club.

AND in other news, Major development emerges over “wonderful” 5ft 8 Rangers gem, Gerrard will be fuming...