James Lawrence was one of the players targeted by Steven Gerrard as the Rangers manager sought to strengthen his central defensive options earlier this summer, according to the Daily Record.
The newspaper claimed that Rangers were weighing up a £3 million bid for the Welsh international, who plays for Anderlecht in Belgium.
But Rangers later added George Edmundson and Filip Helander in Lawrence's position, eliminating any need for him at Ibrox, where Gerrard also has Connor Goldson and Nikola Katic to call on.
Lawrence, meanwhile, has yet to feature for Anderlecht this season.
And, according to HLN in Belgium, the 27-year-old is now set to join FC St Pauli on loan.
St Pauli currently play in the second tier of German football and are managed by the former Sheffield Wednesday boss Jos Luhukay.
Rangers are reported to have paid around £3.5m for Helander, who has significantly more top-level experience than Lawrence.
Edmundson, meanwhile, is reported to have cost around a fifth of that, and is five years younger than the Anderlecht player.
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