Rangers have netted a club record transfer fee with Nathan Patterson joining Everton for a reported £12 million.

The 20-year-old has been a long-time target of Toffees boss Rafa Benitez, who handed the Scotland defender a five-and-a-half year contract.

The sale, which could rise further, represents a significant milestone for the Ibrox club, with their previous most expensive export Alan Hutton, who cost Tottenham Hotspur £9m when they prised him away from Ibrox in 2008.

Rangers sporting director Ross Wilson said: “In terms of the detail of the transfer, I have been in discussions with Everton chairman Bill Kenwright for a number of weeks. It has been a pleasure to deal with Bill – a man who represents his club with genuine class.