Rangers are eager to sign a deal to sign Billy Gilmour on loan next month.
Chelsea is open to the prospect of returning the young midfielder to Ibrox until the end of the season.
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Gilmore begins the Champions League match against Krasnodar on Tuesday evening.
But he fell in the ranking in the battle for places in Frank Lampard’s midfield.
Gilmore, who missed four months after knee surgery, is the subject of an approach by former Gears club.
The Scotland U-21 star will benefit from greater exposure to first-team action at Ibrox, providing him a platform to beat Steve Clarke’s team in the Euro 2020 tournament.
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The 19-year-old played a minor role late against Sevilla last week, and kicked off his first season on Tuesday evening.
Lampard believes star Gilmore has a big future and is happy to be going on loan to have more playing time.
The Chelsea president is preparing for a £ 60m bid to buy Declan Rice next month, and if he takes the West Ham title, it will increase the fierce competition for places in midfield.
Gilmore Rangers left for Chelsea in 2017, and made 12 first-team appearances in 2019/20.
Now he can be ready for the Ibrox’s thrilling comeback.
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Meanwhile, Rangers were fined by UEFA for their late kick-off against Benfica.
The Light Blues home game in the Europa League against the Portuguese giants started a little late after 8pm, the scheduled start time.
The governing body of European football has Ibrox fined € 10,000.
However, the Light Blues Gerrard player was absolved of liability for kick-off being delayed.
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