Daniel Cousin is poised to seal his Rangers return on Friday afternoon after agreeing terms with the club, according to his agent.
Manager Ally McCoist wanted to bolster his attacking options following Nikica Jelavic's sale and Kyle Lafferty's hamstring injury.
Agent Willie McKay waived his fee to help push the deal over the line, while he also revealed Birmingham City were keen on the striker.
While Gers' contract offer was significantly less than the one from Blues, Cousin was keen to finish his career back at Ibrox.
"I've just spoken with Craig Whyte and we have reached agreement on Daniel's wages," McKay told the Daily Record.
"Daniel wants it, Ally McCoist wants it, so we've all had to do our bit to push this deal over the line.
"The lad is happy to come back but they have offered him 25 per cent of the last contract he was on at Rangers and that is £5,000 a week.
"That is a lot less than he stood to make at Birmingham but money was not the key issue.
"Daniel can get himself £20,000 a week at Birmingham but Rangers on his CV for a last contract sounded quite good to him.
"Daniel is scheduled to be at Murray Park on Friday afternoon to rejoin the club."