Rangers pursue record £12m deal for Bologna captain Lewis Ferguson

Editorial illustration for: Rangers pursue record £12 million deal for Bologna captain Lewis Ferguson

In brief

  • Rangers pursue record £12 million transfer for Bologna captain Lewis Ferguson
  • Deal would exceed Rangers' current transfer record and fund potential Nico Raskin sale
  • Ferguson, 26, captains Serie A side Bologna after youth academy start at Ibrox
  • Midfielder previously played for Hamilton and Aberdeen before joining Bologna

A Homecoming Bid

The Bologna captain's potential return to his boyhood club could cost Rangers up to £12 million, a figure that would shatter their transfer record. Ferguson's current market valuation sits between €10 million and €15 million (roughly £8.6 million to £13 million), placing the Rangers figure at the upper end of realistic expectations.

Ferguson's path back to Scotland runs through a career that took him from Hamilton Academical to Aberdeen before his move to Bologna in July 2022 for an initial fee of just £3 million. Three years in Italy have transformed him into a captain and a target for major European clubs.

Funding the Ambition

Rangers face a financial hurdle. Speculation has centered on the potential sale of midfielder Nico Raskin as one mechanism to generate the transfer funds needed for a Ferguson deal. The club's willingness to pursue such an expensive target signals a shift toward more ambitious spending.

Bologna, meanwhile, has already shown resolve in the transfer market. The Italian club rejected a bid from Inter Milan estimated at around £18 million, suggesting Ferguson isn't available at any price—yet.

Ferguson's agent, Bill McMurdo, has publicly confirmed that the midfielder harbors genuine aspirations to return to Rangers. That desire matters. Yet earlier comments from Ferguson's family have suggested that a move might not materialize this summer, introducing uncertainty into what remains an active but unresolved pursuit.