Greek journalist Georgios Sideridis has now revealed some encouraging transfer news for Glasgow Rangers on Antonio Colak.

The Lowdown: Fee agreed

Sky Sports reported on Wednesday that the Gers have agreed a £1.8m fee with Greek side PAOK for Colak, who is keen on a move to Ibrox this summer.

Giovanni van Bronckhorst is also keen for the deal to go ahead, and Colak has already agreed personal terms with the Light Blues, so it looks like a go-er.

The Latest: Replacement targeted

Taking to Twitter, Sideridis has now revealed that PAOK already have a target in mind to replace Colak:

"The rumoured agreement between PAOK and Rangers has not been confirmed yet by any side, both sides don’t want to rush the situation till the Greek side find Colak’s replacement.

"Although, I’ve been told that #PAOK have already a target who will be known by the end of next week."

The Verdict: Encouraging

The fact that PAOK are already lining up a potential replacement for Colak should bring a lot of encouragement to the Ibrox faithful - it implies the deal is as good as done.

His record for them is unimpressive, with just four goals and two assists in 39 games in total over all competitions across the last two seasons (Transfermarkt).

However, while on loan at Swedish side Malmo, the Croatia international managed a much better 19 strikes and three assists in 40 matches (Transfermarkt).

It was with the Swedish top flight outfit that RFC saw what he is capable of, scoring twice at Ibrox to send Malmo through in their UEFA Champions League qualifier last term, and so signing the 28-year-old could turn out to be a shrewd piece of business if can rediscover his Malmo form in Glasgow.