The 30-year-old is being targeted by the Liverpool legend as his 11th signing of what has been an extremely busy summer at Ibrox.
The report claims that Hearts supposedly value Lafferty at £750,000, and Rangers are preparing to submit a new offer of just £300,000, but perhaps that could soon shoot up if a certain transfer down south goes through.
As reported by the Sun, Ipswich striker Martin Waghorn is a nearing a £7 million move to Middlesbrough. ‘So what?’, you may ask.
As it goes, Waghorn apparently has a clause in his contract that means Rangers will be entitled to 10% of any fee he may move for, due to a sell-on clause that was inserted into his new deal at Portman Road when he left Ibrox in August 2017.
The 28-year-old striker, who made 78 appearances for the Gers and scored 44 goals – 20 of which came in the 2015/16 season as the team played in the Scottish Championship – could therefore hold the key for Gerrard to snap up Lafferty.
According to the Scottish Sun, the player himself is keen to return to Ibrox to join the Gerrard revolution, but has so far resisted the temptation to hand in a transfer request to force through a move.
Apparently Hearts chief Ann Budge is open to the potential sale but wants Rangers to significantly increase their offer for the giant striker, and Waghorn’s impending sale would certainly allow them to do that.
Lafferty returning is an interesting proposition. He is perhaps not who you would have expected Gerrard to target given his activity in the market so far, but last season he scored 12 league goals for the Jambos and appears to have matured in recent years.
As a result he could be a handy figure to have around the place for the club’s younger players.
It has been so far so good for Gerrard in pre-season, and his new recruits have looked pretty good for the most part.
Adding Lafferty to the mix could actually be a great move.