Rangers have announced that they have agreed an undisclosed fee with South Korean outfit Busan I'Park for midfielder Matt McKay.
Reports claimed that the 29-year-old playmaker was closing in on a move away from the club, who went into administration last week.
McKay has only appeared three times for the Scottish outfit this season, despite only joining the SPL champions in the summer from Brisbane Roar.
The impending transfer will be made possible due to South Korea's transfer deadline of March 3.
