Andy Halliday declares Rangers' next transfer window must be PERFECT as he counts the cost of 'huge' wage bill

Andy Halliday has warned Rangers that their latest summer rebuild must be "perfect" after making so many mistakes with last year's.

Philippe Clement has confirmed that he expects a lot of change during the close season, with a number of first players out of contract and some of those who aren't likely to be moved on. After another season of finishing second best to Celtic in the league (barring a miracle in the last two fixtures), it's set to be another busy transfer window in Govan.

Michael Beale embarked on a similar rebuild last year, spending big on the likes of Cyriel Dessers, Sam Lammers and Danilo. Dessers remains unconvincing as a No 9, Danilo has spent most of the season injured and Lammers was packed off to Utrecht on loan in January. It was a similar story with Jose Cifuentes, who is in Brazil until December with an option to buy.

It's shown spending is no guarantee of success. And after several high profile flops, Halliday reckons his former club have virtually no margin for error if they want to finally get the better of their city rivals over the course of the season.

"Fundamentally, at their strongest, Celtic have more quality in their team," he told Clyde 1 Super Scoreboard. "Rangers have been decimated with injuries for a long period of time and you saw the starting XI, I just don't think they had enough players to hurt Celtic at Celtic Park.

"That, compounded with the fact that Celtic have now got a fit Reo Hatate, a fit Callum McGregor and a fit Cameron Carter-Vickers. I just thought the performance as well as the result, Rangers didn't lay a glove on Celtic in the first half. The Fabio Silva chance to make it 1-0 is the real standout opportunity that Rangers had until Celtic scored their two goals.

"But I just felt Celtic were in complete control for the whole game. Rangers managed to get a lifeline when Dessers got his first Old Firm goal but then that moment of madness from John Lundstram. You just never felt at any point that Rangers were going to get back into the game.

"The huge wage bill they've got, the only real positive you can take from that is that a few that are on huge money are out of contract in the summer. Clement already touched on it, that he does anticipate a big rebuild in the summer.

"But let's be honest, Rangers have to be perfect. They had a big rebuild last summer. They never got the majority of the signings right, so they need to almost be perfect this summer in their recruitment."