Rangers legend Ian Durrant has claimed that Rangers have completed a shrewd bit of business by signing Ryan Kent for £7m and that they could make a profit when he moves on according to The Evening Times - via Football Daft Podcast.

What did he say?

Ryan Kent's signature was secured on the last day of the transfer window for £7.5m and became Rangers second highest transfer behind the £12m paid for Tore Andre Flo. It was a transfer saga that endured the summer with Steven Gerrard making it clear from an early stage that Kent was a target and that he wanted him to return to the ibrox club.

Initially Kent's move looked to be over as Jurgen Klopp vetoed any more loan moves and it looked as though Rangers had been priced out of a permanent move with some reports suggesting Liverpool were wanting between £8-10m.

Rangers finally got their man though and it has delighted fan's favourite Durrant and when he was asked if his boyhood club had delivered a good value deal, he replied:

"You're getting a young kid who's come from a great background at Liverpool, great upbringing who just wants to play football now. He's been part of Liverpool's squad in pre-season but he's wanting to come up and he's struck up a great relationship with Steven Gerrard who I think had him in the youths.

"He wants to play for Rangers, he had opportunities to go to Leeds, Brugge. His main aim was to go play for Rangers and Steven Gerrard who has a big pull to bring players in. Rangers and Celtic are now selling clubs and if there's an opportunity comes up players will be sold for top dollar."

So is Durrant right?

Originally Liverpool were looking for more than the £7m figure that has been quoted in the press. There is a premium on young English talent and money is no object in both the Premier League and Championship.

Last year was Kent's break through season and he demonstrated in the two Old Firms fixtures at Ibrox just how good a player he has the potential to be - but for a late card ruining his copy book - his performance in the final Old Firm game at Parkhead was also a stand out. Two goals and an assist in four games against Celtic highlights his ability to handle the big occasion.

Ironically it has been a piece of Celtic transfer business that could benefit Rangers in the long run. The £25m singing of Kieran Tierney by Arsenal has inflated the value of the Scottish league's top talent and Kent was rated Young Player of the Year by both his peers and the Writers Association.

Even if he has a similar season, Kent would be able to command a fee over what Rangers have paid for him and if he was to improve then his price tag rises. As Durrant claimed, Kent wanted the move to Rangers and perhaps managed to get him cheaper as a result. With Alfredo Morelos rated by Rangers in the same bracket as Moussa Dembele who went for £19.7m, Durrant is correct to think that Rangers have picked up a steal given Kent's importance in key fixtures and to Rangers.