MICHAEL STEWART has questioned how Rangers can be closing in on signing Ianis Hagi.

The on-loan Genk star has an option to make his deal at Ibrox permanent and it is understood Steven Gerrard is keen to make the deal happen.

This morning reports in Hagi’s homeland Romania, suggested that Rangers were close to sealing his signature in a £5million switch.

But Scottish football pundit Stewart has questioned how the Ibrox club can afford such a fee.

He tweeted: "I see some media reporting that Rangers are closing in on a £5m signing of Hagi.

"Can anyone explain how the club lost £11m, was needing £10m to see the season out, then Coronavirus hit and has deferred huge amounts in wages but can be linked with a £5m signing?"

Hagi has been linked with numerous other European clubs and reports in Spain suggested Real Madrid were tracking his availability.

Hagi burst on to the scene at Ibrox when he netted in Rangers’ Europa League clash against Braga.

Gerrard has repeatedly spoken of his admiration for Hagi and the forward - the son of former Real Madrid and Barcelona hero Gheorghe - is said to be keen to continue that relationship with his Gers gaffer beyond the end of his loan deal.