Rangers have announced the signing of Jamie Murphy from Brighton & Hove Albion on loan until the end of the season, with an option to buy in the summer.
The Ibrox club had hoped to make the move permanent in this transfer window, but after Brighton demanded assurances over the funds being available and not willing to accept long term instalments for the player.
The 28-year-old becomes Graeme Murty’s second signing of the January transfer window, joining QPR’s Sean Goss who signed on loan earlier this month.
The former Motherwell winger found first team football limited this season as he fell down the pecking order at the Premier League side, under Chris Hughton this season.
After the loan deal was announced, Brighton manager Chris Hughton said: “Jamie is a great lad, a fantastic professional and has a desire to play – and while we were in no hurry to see him leave, we do understand his desire to play for his boyhood team and one of the biggest clubs in Scotland.
“He’s been excellent for the club, ever since we signed him from Sheffield United, and wrote himself into club folklore as a crucial part of our promotion-winning side last season.
“On behalf of all at the club, I’d like to thank Jamie for his efforts and achievements during his time here and wish him the very best for the future.”
Murphy underwent a medical on Thursday, before initially agreeing terms to a three and a half year deal before the permanent transfer stalled over Brighton demanding proof of funds and rejecting the manner of payment plan from the Ibrox side.
It is now expected Murphy will fly out to Florida to link up with his new teammates as they take part in the Florida Cup during the Premiership winter shutdown.
Murphy took to twitter last night, he said: “Wore the shirt many times as a kid but the chance to put it on for real is something special. Will always be worn with pride. Thank you all for the support.”
The winger returns to Scottish football since he left Motherwell for Sheffield United in 2013. He spent six years at Fir Park after breaking through as a youth player, playing 204 times scoring 46 goals. His time at Bramall Lane saw him score 21 times in 122 appearances over a two and a half year period.
Brighton signed Murphy in August 2015 and during his time with the Seagulls he helped them secure promotion to the Premier League last season and scored 10 times in 83 games.
Question marks over Rangers’ failure to sign a permanent deal will be hanging over the Ibrox club however, and their ability to fund what was in effect a £1.7 million deal without the need to wait for season ticket revenue flowing into the coffers.