Aribo, 22, was attracting major interest after a superb season with Charlton Athletic, in which he hit nine goals and five assists in League One.
The midfielder capped off his fine campaign with winning promotion to the Championship, but with his contract expiring at the end of June, he was always looking likely to go.
Premier League and top Championship clubs were interested in Aribo, but Charlton were cursing the midfielder's decision as he instead chose a move to Rangers.
Had Aribo picked an English side at the end of his deal, Charlton would have been due seven-figure compensation. Instead, Rangers used cross-border contract rules to land Aribo for an absolute bargain.
Already, Aribo has shown Rangers fans what he's all about with great athleticism matched with major technical ability, and he got his first goal for the club against St Joseph's on Thursday.
Now, Gerrard believes Aribo has huge potential and thinks he's a major coup for the Gers, and believes that he'd already make the club a huge profit because he's worth 'a hell of a lot more' than what Rangers paid for him just weeks ago.
“He’s got potential to be a top, top midfielder for sure,” said Gerrard. “He’s got all the attributes. He’s still young and has got a lot to learn. He’s still raw and we’ve got to shape him round the ages and help him tactically and positionally. But it’s a hell of a coup to have him and I think in the future that will be proven.”
“I don't think I should put a price tag on a young player like that, but it would be a lot more than we paid for him. Yeah, a hell of a lot more,” he added.
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