Rangers have confirmed an undisclosed fee has been agreed with Southampton to allow midfielder Steven Davis to finalise his move to St Mary's.
Davis agreed a three-year contract with the Premier League new boys earlier this month and was hoping to join Saints for free after refusing to transfer his contract to the newco Rangers.
However, a bid reported to be worth £800,000 has now been accepted by Rangers and chief executive Charles Green is pleased with the outcome.
Green told Rangers' official website: "I am delighted that we have agreed terms over the transfer of Steven Davis.
"Southampton have acted in good faith during the process. We wish them every success and they have signed a player who will undoubtedly make a great contribution to their club - just as he did at Ibrox."
Northern Ireland international Davis is pleased the situation has now been resolved and is looking forward to starting his new career on the South Coast.
"I think everyone is happy with the conclusion - myself, Rangers and the club," Davis told Southampton's official website. "I am now just looking forward to getting my career started here.
"Things are coming along well. I have been doing a lot of work with the physios this week and I have been building up the strength in my leg.
"I've managed to join in a few of the sessions with the lads, so I'm not too far away now. Hopefully within the next week or two I will be back on the pitch, playing my part and making my contribution."