Rangers eye record-breaking deal for Lewis Ferguson amid transfer links

Rangers are reportedly accelerating talks to bring Lewis Ferguson back to Ibrox, and the price tag attached to the 26-year-old Bologna captain could make it the most expensive signing in the club’s history.

Ferguson, who came through the Rangers youth academy before carving out a career that took him from Hamilton Academical to Aberdeen to Serie A, is now at the center of one of the most closely watched transfer sagas in Scottish football. The estimated fee of £12 million would represent a seismic financial commitment for a club that has historically operated with far more modest transfer budgets.

The numbers behind the deal

Ferguson’s market valuation currently sits somewhere between €10 million and €15 million, roughly £8.6 million to £13 million. That range matters because the upper end of it would test the absolute ceiling of what Rangers have ever been willing to spend on a single player.

Bologna reportedly rejected a bid from Inter Milan estimated at around £18 million, which tells you everything about how highly they rate their captain.

Ferguson originally moved to Bologna in July 2022 from Aberdeen for an initial fee of just £3 million. In the years since, his value has multiplied several times over.

Funding the homecoming

Speculation has centered on the potential sale of Nico Raskin as one mechanism to generate the transfer funds needed to make a Ferguson deal viable.

Ferguson’s agent, Bill McMurdo, has publicly confirmed that the midfielder harbors genuine aspirations to return to Rangers. McMurdo has also acknowledged the financial hurdles involved with Bologna, and earlier comments from Ferguson’s family have suggested that a move might not materialize this summer.

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