Fabrizio Romano unveils major Wolves transfer development amid Rangers and Celtic battle

Wolverhampton Wanderers have reached an agreement with Scottish Premiership giants Rangers to send Fabio Silva out on loan until June, according to a reputable report. Celtic were also in the race but a deal is now said to be in place for the Portuguese striker to head to Ibrox Stadium.

Reliable transfer news journalist Fabrizio Romano reports there will be no buy clause inserted in the transfer but a simple loan for the rest of the season has been fully agreed. Silva was utilised a little at the start of Gary O'Neil's reign at Molineux but he hasn't featured at all since November 4, meaning he's now surplus to requirements.

Still just 21 years of age, Silva isn't even close to reaching his full potential but he's struggled to get going in England. Loan spells at Belgian Pro League side Anderlecht and Dutch Eredivisie outfit PSV Eindhoven were successful last campaign, however, as he netted a combined 16 goals in 49 appearances across all competitions.

Silva joined Wolves from Porto in September 2020 for a fee in the region of £35 million. The Portugal U21 international arrived as one of the most exciting youngsters in Europe but has only scored five goals in 72 appearances.

Rangers, Wolves and the player himself will be eager to see a return to form during the second half of the season. It's said the lack of a buy option was crucial in getting a deal done as Wanderers aren't ready to sell just yet. Rangers are currently second in the Scottish Premiership, five points behind Celtic but with two games in hand.