Ben Johnson reportedly held talks with Rangers over a transfer switch to Ibrox before he joined Ipswich.
The defender was available as a free transfer after rejecting a five-year deal from West Ham in a bid to land more consistent first-team football elsewhere.
Rangers had been credited with an interest in the 24-year-old alongside a host of English sides this summer.
However, Johnson was set on a move to Ipswich where he signed a four-year deal to join the squad for the club's return to the Premier League.
According to The Athletic, Johnson had been in discussions with Rangers but any chances of a deal were scrapped over salary demands.
It's claimed it "became clear they [Rangers] could not afford his salary" after initial talks over a free transfer switch.
Rangers weren't alone in their pursuit of Johnson with Crystal Palace, Leeds United, Southampton and Fulham all interested.
West Ham wanted to keep the player too, with a new deal reportedly rejected after frustrations over lengthy negotiations over the past 12 months with Johnson opting to depart the London club.
Ipswich landed the defender after manager Kieran McKenna "assured him of first-team football" and no issues arose in contract negotiations.
Real Betis also missed out on Johnson despite The Athletic reporting former team-mate Pablo Fornals calling the defender to personally register interest on behalf of Manuel Pellegrini.
Philippe Clement has, however, brought in five signings already this summer with Liam Kelly, Connor Barron, Clinton Nsiala, Oscar Cortes and Jefte all signing on at Ibrox.
Nsiala - signed from AC Milan - has revealed Clement's coaching and trust in youth players played a key role in sealing his switch.
“I know he [the manager] coached at Monaco, as well as in the Belgian league," said Nsiala. "He always puts a lot of faith in young players. As a young player, that was a big factor for me in my decision to come to Glasgow.
“It helps to have a coach like Philippe Clement. He gives a lot of support to young players, and that doesn’t make it feel like a big step. Having a coach like that will help me progress, so I’m not focused on the step up from academy to senior level."