An update has emerged on Rangers transfer target Jed Wallace, regarding his contract situation at Championship side Millwall.

What's the talk?

According to Football League World, Rangers target Jed Wallace is increasingly unlikely to sign a new deal with Millwall as the Championship outfit continue to struggle to agree terms with him.

The report claims that Rangers, Celtic and West Ham are among the teams keen on the winger, who is out of contract at the end of the campaign.

Excitement

Rangers fans will surely be excited after reading this update on Wallace's future. It appears as though the chances of him signing an extension with Millwall are slim, which means that the Gers would be able to snap him up on a pre-contract deal in January should he be interested in moving to Scotland.

Steven Gerrard could land him on a free transfer next summer and add a quality midfielder to his squad without paying a penny in transfer fees. This is why supporters will be excited, as the club could be inching closer to securing a bargain deal for a talented forward.

Millwall manager Gary Rowett once heaped praise on the ex-Portsmouth winger, saying: “It seems Jed Wallace is instrumental in everything we achieve at the moment. His recent stats are unbelievable."

His statistics for Millwall in the Championship back up these claims from Rowett. He has three goals and three assists in eight games this term, having managed 11 goals and five assists last season.

Wallace also racked up 10 goals and 13 assists in the 2019/20 second-tier campaign, showing that he has the quality to score and assist goals on a regular basis.

Rangers fans will be buzzing to read that he looks set to leave Millwall on a free transfer, as it opens the door for the Gers to swoop in. If he does make a move up north and goes on to translate his form for the Lions up to Scotland then he could be a valuable asset in the final third for Gerrard.

AND in other news, McAllister drops fresh update on "outstanding" Rangers gem that'll leave fans buzzing...