Alan Gow is meeting Wolves as he closes in on a move to the Coca-Cola Championship leaders.
Rangers have agreed a six-figure fee with the midlands club for the forward after he enjoyed a successful loan spell at Blackpool in the first half of the season
Rangers boss Walter Smith expects the move to go through and he told the club's official website: "The clubs have agreed a fee for the player and Alan and his representatives have gone to speak to Wolves."
He added: "As long as they reach agreement, the move will be finalised in due course but they have to talk first.
"Mick McCarthy has done a terrific job down there. Last season was disappointing for them but they've settled down this year.
"After missing out on a promotion place, they're doing well and look to be the favourites to go up to the Premiership as they've got a fair gap at the top of the league now.
"I don't want to pre-empt anything but it certainly looks as though they'll get promotion and Alan has an opportunity to join a club on the up. It would be a good move for him."
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