Rangers reportedly hold an exclusive, pre-agreed option to sign James Penrice permanently from AEK Athens for a fee in the low six figures. The Daily Record first reported the clause, which gives the Ibrox board until next summer to activate the agreement.

Penrice joined on loan after a short spell in Greece, yet he has settled quickly under Derek McInnes, who coached him at Hearts. His debut against St Mirren offered an instant statement, with the defender scoring once and creating another goal. He then played a major part in Rangers’ 3-0 Glasgow Derby win over Celtic .

The move has gained extra importance because Tuur Rommens suffered an injury earlier in the campaign, leaving Rangers short of reliable options at left-back.

Yes, based on the evidence available so far. A low six-figure fee gives Rangers access to a player who already knows McInnes’ methods, has handled Ibrox pressure and has delivered in a major fixture. That combination reduces both sporting risk and the time normally required for adaptation.

Penrice’s early numbers support the positive impression. He has made four competitive appearances in 2026/27, including three Premiership matches and one Scottish League Cup tie. He has recorded one goal, one assist and two clean sheets. His tracked defensive figures include 2.8 interceptions per 90 minutes and 36% cross accuracy.

GLASGOW, SCOTLAND – AUGUST 16: James Penrice of Rangers celebrates after he scores his team’s fourth goal during the Premier Sports Cup match between Rangers and St Mirren at Ibrox Stadium on August 16, 2026 in Glasgow, Scotland. (Photo by Ian MacNicol/Getty Images)

Those statistics need context, especially across such a small sample, but his role offers more than simple cover. Penrice can operate as an inverted wing-back, moving inside to create an extra midfield option while keeping enough pace to recover when Rangers lose possession. His pressing and willingness to contest physical duels helped disrupt Celtic’s wide players.

The financial argument strengthens the case. If Rommens attracts strong summer interest, Rangers could sell him for a substantial return while retaining a starting-calibre replacement at a modest cost. That would protect squad depth without forcing the club into another expensive search.