Burnley have accepted a cash-plus- player offer from Rangers for striker Kyle Lafferty.
Rangers will pay the Clarets £3m for the Northern Ireland forward, with striker Alan Gow moving to the Championship club as part of the deal.
Burnley manager Owen Coyle told the club website: "We've received a very good offer from Rangers, a deal worth close to £4m when you include Gow."
Lafferty, 20, would become Rangers' third summer signing.
Rangers manager Walter Smith has already bolstered his attacking options after signing Kenny Miller and Andrius Velicka.
The Ibrox club tabled a bid for Lafferty two weeks ago but now have increased that offer and added Gow.
Coyle said Lafferty had made it clear he wanted to leave Turf Moor.
"Ultimately, from the fans' point of view, Kyle wanted to leave the club after saying he felt it was time to move on.
"Provided the deal is concluded we wish him well, but ultimately, we want players who are fully committed to Burnley."
Burnley said both deals were subject to the players agreeing personal terms with their respective clubs.
Last week, Celtic had a bid for £2.75m plus Derek Riordan turned down by Burnley and Wolves were also interested in the Northern Ireland international.
Lafferty has been on the books at Turf Moor since 2005, and has scored 10 goals in 56 appearances for Owen Coyle's men.
The forward, a lifelong Rangers fan, has already won 16 caps for his country, notching five goals and has said he is keen to further his career elsewhere.
Gow, 25, has struggled to establish himself at Ibrox since moving from Falkirk last summer.
Rangers will pay the Clarets £3m for the Northern Ireland forward, with striker Alan Gow moving to the Championship club as part of the deal.
Burnley manager Owen Coyle told the club website: "We've received a very good offer from Rangers, a deal worth close to £4m when you include Gow."
Lafferty, 20, would become Rangers' third summer signing.
Rangers manager Walter Smith has already bolstered his attacking options after signing Kenny Miller and Andrius Velicka.
The Ibrox club tabled a bid for Lafferty two weeks ago but now have increased that offer and added Gow.
Coyle said Lafferty had made it clear he wanted to leave Turf Moor.
"Ultimately, from the fans' point of view, Kyle wanted to leave the club after saying he felt it was time to move on.
"Provided the deal is concluded we wish him well, but ultimately, we want players who are fully committed to Burnley."
Burnley said both deals were subject to the players agreeing personal terms with their respective clubs.
Last week, Celtic had a bid for £2.75m plus Derek Riordan turned down by Burnley and Wolves were also interested in the Northern Ireland international.
Lafferty has been on the books at Turf Moor since 2005, and has scored 10 goals in 56 appearances for Owen Coyle's men.
The forward, a lifelong Rangers fan, has already won 16 caps for his country, notching five goals and has said he is keen to further his career elsewhere.
Gow, 25, has struggled to establish himself at Ibrox since moving from Falkirk last summer.