Rangers and Chelsea have agreed terms over Billy Gilmour.

Managing director Stewart Robertson has confirmed Rangers had agreed a fee for Gilmour if the sought-after Ibrox starlet decides to join Chelsea this summer.

"We have got a position agreed if he was to go," said Robertson of Gilmour. "I won't tell you the number but there is a position agreed.

"It would be negligent of us not to have done that in terms of the governance of the club, but we'd rather not get the money and Billy stayed and went on to have a great career at Rangers.

"We need to protect our position and do the sensible thing because if he goes in the summer without a deal being agreed then he leaves only for a compensation amount.

"That would be a helluva lot less than if we had a fee agreed beforehand. We have protected our position on that side of things but we'd like Billy Gilmour to stay at the club.

"Everybody on the football side thinks he's a fantastic talent and he's still only 15."