Michael O'Halloran's transfer to Rangers looks done for £500k

Michael O'Halloran looks like he'll be a Rangers player - the transfer rumour has been heating up for a while now, and he's been left out of the squad altogether for St Johnstone today.

Robert Thomson of the Sun seems to think the deal is done, and the price is £500k:

Looks like Rangers have got their man O'Halloran - and St Johnstone have got their 500k. Everyone can be happy.

— Robert Thomson (@robertthomson55) January 16, 2016

So, there you have it. We're not completely thrilled by this signing, but he'll undoubtedly improve the team. £500k is a high price, but he's a key player for St Johnstone and under contract until the end of next season. Relative value has to be taken into account, something we wrote about here. If, as Saints manager Tommy Wright believes, he's a Scotland international of the near future and ends up being a mainstay of the Rangers team, he'll still be well worth the money.

We'll bring you confirmation when it comes, although that might not be until the start of the week.