Ibrox side Glasgow Rangers have been tracking George Edmundson for much of the summer so far.
Rangers have seen a number of bids rejected for Edmundson, and their latest offer has also been turned down.
Rangers were prepared to pay over £500,000 for Edmundson, but Oldham are still asking for more.
Gerrard’s side now feel that the transfer is becoming too expensive for a player who has just a year remaining on his contract.
Rangers know that they can walk away from the deal and attempt to sign Edmundson again in six months’ time on a free transfer.
The plan could be a risk as there is other interest in Edmundson, but Rangers feel that it could be a gamble worth taking.
Edmundson does want to move to Ibrox, and there is hope that he will wait around to pick Rangers at a later date, if a deal cannot be agreed this summer.
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