Rangers suffer ANOTHER transfer blow as Goncalo Borges joins near miss list with Porto exit 'close'

Rangers are set to miss out on Goncalo Borges with FC Porto reportedly in the "final stages" of rubber stamping a move to Strasbourg.

The Light Blues had reportedly tabled an offer of around £5million - while the Ligue 1 side opened the bidding for the 23-year-old with a lowball £4million bid. Porto turfed out both offers for star who has a mammoth £42million release clause - but now look set to green light a move to France rather than the Scottish Premiership after Strasbourg returned to the negotiating table.

L'Equipe report that "an agreement is close to being reached between the two clubs" for a fee in the region of £6.7million with additional bonuses set to be included in the contract of the Portugal U21 cap. It is claimed that Borges will land in Frances "in the coming days" to finalise a move - leaving Rangers frozen out of a deal.

It's another blow for Philippe Clement in his summer search for experienced stars. While Vaclav Cerny has arrived on loan from Wolfsburg, the club pulled out of a deal to bring Joan Jordan in from Sevilla on Sunday.

It has been a summer of near misses for the Ibrox side. The likes of Jose Cordoba and Yusuf Kabadayi had been on the shopping list but opted for moves elsewhere.