Rangers have confirmed they have rejected a bid in the region of £400,000 from Bolton for Gregg Wylde.

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Wylde, a 20-year-old winger, is in the final year of his contract and has been the subject of speculation over his future after so far failing to agree a new deal.

However, the Scottish champions are keen to retain his services and have knocked back an attempt by Bolton to sign the youngster.

Rangers manager Ally McCoist insists he would not welcome any further offers for the highly-rated youngster.

He told the club's official website: "The bid from Bolton was not accepted and I don't want Gregg Wylde to go anywhere. He is a good young talent and we feel he has done very well.

"We want him to sign on again with us and we want his progress to continue here at this football club. I now have the opportunity to say any further bids we receive for Gregg will not be welcomed either."