Sheyi Ojo is set to sign a new five-year contract with Liverpool.

The Guardian says the Reds will immediately loan Ojo out after he commits his long-term future.

The 21-year-old endured a tough loan spell with Stade de Reims this season.

Rangers manager Steven Gerrard is a keen admirer of Ojo and the Scottish giants are one of many clubs interested in signing the Reds academy graduate.