Rangers manager Steve Gerrard has admitted defeat in their chase for Liverpool winger Ryan Kent.

Kent, 22, spent last season on loan at Rangers winning the Scottish young player of the year along the way and Rangers were hopeful that another loan deal could be thrashed out for the coming season.

However Steve Gerrard has confirmed that the player will not be returning on loan and a bid is unlikely.

He said: “I don’t think that has got anything to do with the game. But Jurgen has come out and given the answer that will come out of my mouth anyway. It has been addressed and we move on.

“Where we are right now, yes [that is the end of it]. I think we respect Liverpool’s stance and we thank them very much for allowing us to work with Ryan for a year.

“We have obviously got a Liverpool player at the moment in Sheyi (Ojo) who has started very well. I had a good conversation on the phone with Jurgen a few days ago and we totally respect Liverpool’s position on it.

“I haven’t asked that question [if he would be too costly to buy]. But I think the answer would probably be yes.”

Liverpool are believed to be open to a permanent deal for Ryan Kent and value him in the region of £15m