Rangers announce teenager Gilmour is joining Chelsea

Rangers have announced they have reached an agreement with Chelsea for teenager Billy Gilmour to move to Stamford Bridge from the Glasgow club.

The Gers say they have sold Gilmour, 15, for “a significant sum” following interest from a number of Premier League clubs.

The midfielder has impressed for Rangers’ Under-20 side and is regarded as one of Scotland’s brightest prospects.

A Rangers statement read: “The club’s preference would have been for Billy to stay at Rangers but when he made clear his desire to move to the Premier League it was important that we maximised the commercial value for him. We believe we have done this.

“The agreement will provide Rangers with a significant sum for a young player who has yet to play first-team football, and further significant amounts could be due based on milestones being reached. We are pleased with this outcome and believe this deal represents good value for Rangers.

“That he was sought after by many Premiership clubs, and indeed a number of the largest clubs in Europe, further demonstrates the quality of player now being produced by the academy. Everyone at Rangers wishes Billy well for his future.”