The former Glasgow Rangers defender does not believe Simunovic to be worth Celtic's £8m asking price.
Pedro Caixinha’s Glasgow Rangers recently completed the signing of Bruno Alves.
Glasgow Rangers striker Kenny Miller will be at Ibrox again next season.
Rangers have snapped up defender Bruno Alves this week.
Glasgow Rangers will be looking to bounce back after a difficult season, and Lorenzo Amoruso has suggested that the Ibrox side will be targeting silverware.
The former Ibrox favourite was critical of some Rangers players after Mark Warburton's departure last month.
Mark Warburton's spell at Glasgow Rangers came to an end earlier this month, but Lorenzo Amoruso has expressed some sympathy for him.
Glasgow Rangers are currently looking for their next manager, and Lorenzo Amoruso has issued his old club some advice.
Rangers legend Lorenzo Amoruso has praised the duo of Joey Barton and Kenny Miller ahead of the Old Firm derby.
Glasgow Rangers legend Lorenzo Amoruso spent six years at Ibrox.
He endured a controversial time at Rangers, but Lorenzo Amoruso turned things around to win the treble at Ibrox before his departure.