Rangers are preparing a late offer for Hearts winger Jamie Walker which will fall well short of the Tynecastle club's £1million valuation.
The Ibrox club hope to secure Walker's services before the summer transfer window closes at midnight on Thursday. However, they will not pay the £1m price placed on his head by Tynecastle officials.
Walker is out of contract next summer and, as such, can sign a pre-contract agreement in January. He has told Hearts he won't sign a new deal, and Rangers are now ready to test the Edinburgh club's resolve during the final hours before the transfer deadline.
They made two offers for the 24-year-old during pre-season but the last was a £600,000 proposal involving around half in cash and the rest in add-ons. So far, their attempts to lure Walker to Glasgow have been met with strong resistance as Hearts have rejected their advances.
The Edinburgh club now face the dilemma of standing firm and sticking by their valuation, but then risk losing the winger for free. They have not given up hope of keeping him at Tynecastle and are keen to maximise the value of one of their biggest assets.