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Rangers have failed in their efforts to sign Hibernian striker Derek Riordan, after the Easter Road club rejected an improved offer for the 23-year-old aftering turning down a bid of ?350,000.
Riordan is out of contract in October and has turned down repeated offers to extend his stay at Hibs.
Rangers chief executive Martin Bain told the club website: "We could not agree a fee with Hibs and we wish the player all the best in the future."
Riordan could be facing Rangers on Saturday, with Hibs travelling to Ibrox in the Scottish Cup.
Earlier on Tuesday Hibs boss Tony Mowbray told the Edinburgh Evening News: "At this moment in time we haven't received any offers that have met our valuation of our players.
"We have received several enquiries but nothing that we as a football club have found acceptable.
"Derek's situation is a tricky one because he is out of contract in a few months. "Our number one option has always been to re-sign Derek on a longer deal but that is looking unlikely at the moment.
"You have to weigh up an individual's worth to the team and the goals they will score against a monetary value and so far we don't feel those things have balanced up."
The Edinburgh club said last week that they had turned down an offer from German side Kaiserslautern.
Riordan was left out of the team at the start of the season after rejecting the chance to move to Cardiff City but worked his way back and his goals helped Hibs move up the SPL table.
However, Hibs' season has faltered and they have fallen two points behind third-placed Rangers, having been 11 ahead at the end of November.
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Source: BBC Sport |
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