Sky Sports News claim Hebei China Fortune were willing to meet or exceed the Scottish club’s valuation of £15million.
It is also claimed they were willing to pay him £10million a year in wages before tax with a whopping £30m in total.
The news will come as a boost to Rangers with their star player attracting interest from other clubs since January.
The Colombian finished as the top scorer in the Scottish Premiership last season as he scored 18 goals for Steven Gerrard’s side.
We’ll be bringing you the very latest updates, pictures and video on this breaking news story.
The transfer window in China shuts at 5pm UK time today.
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