Some big contract news has now emerged from Glasgow Rangers involving Alex Lowry.

The Lowdown: Lowry rejected Rangers' opening offer

As per Football Insider, the 18-year-old knocked back an opening contract offer at Ibrox in February, and he is attracting interest from a number of clubs in England.

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The Teddy Bears are desperate for him to stay, as they seem him as a player with 'huge potential'.

The Latest: New offer for Lowry

According to Football Insider, the Light Blues have now offered Lowry an improved contract worth £5,000 per week.

A source from Rangers has revealed that the teenager and his family are now set to have a meeting with Giovanni van Bronckhorst and officials at the club 'this week' as they aim to tie him down to a new deal until the summer of 2025.

The Verdict: Get it done

However much money it takes to get Lowry to sign, the Gers simply need to just get the deal done.

The youngster is clearly a player with 'huge potential' at the club, having already played four times for the first team this season, even scoring on his debut in the 4-0 win at home to Stirling Albion in the Scottish Cup (Transfermarkt).

Nonetheless, it looks as if things are heading in the right direction given the talks with the manager, and hopefully the 18-year-old will end up putting pen to paper on a new deal.

In other news, these were Rangers' three worst performers against St Mirren