Rangers Transfers: All 2025-26 Deals Under Martin

Rangers transfers have erupted into action this summer as Russell Martin, buoyed by fresh 49ers Enterprises funding, reshapes his squad for a gruelling campaign that includes early Champions League qualifiers.

Key Rangers transfers in 2025-26

Arrivals
– Álvaro Fernández (LB) – free from Manchester United
– Luka Ilić (CM) – £4m from Troyes
– Nnamdi Collins (CB) – loan from Borussia Dortmund
– Héctor Ramírez (ST) – £6m from Betis
– Tom Lawrence (RW) – free agent, re-signed after Derby stint

Departures
– Ben Davies – £2m to Stoke City
– Jon McLaughlin – free to Hibernian
– Zak Lovelace – season-long loan to Kilmarnock
– Scott Wright – undisclosed fee to Sunderland
– Kieran Dowell – contract terminated by mutual consent

How the new arrivals fit Russell Martin’s plan

Martin’s possession-heavy blueprint demands full-backs who tuck inside, midfielders brave on the ball, and a striker comfortable linking play. Fernández adds pace and width on the left, while Ilić offers vertical passing from deep. Teen prodigy Collins is expected to rotate with Connor Goldson, giving the back line recovery speed that was missing last term. Up front, Ramírez’s intelligent movement should free captain James Tavernier to continue his goal-scoring exploits from the right.

Balancing the books

With UEFA’s financial sustainability rules tightening, the board prioritised moving on fringe players. Davies’ sale and McLaughlin’s wage-free release slash over £35,000 a week from the salary bill, creating room for performance-related contracts that align with European revenue.

Short opinion

Smart and surgical, this window feels like the first coherent rebuild at Ibrox in years. If Ramírez adapts quickly, Rangers could finally crack the Champions League group stage barrier.