STEVEN Gerrard is confident Rangers can avoid costly mistakes in the transfer market in future after the Ibrox club finally severed ties with expensive misfit Carlos Pena.

Pena, who was signed by former manager Pedro Caixinha from Guadalajara in the summer of 2017 for a fee of £2.2 million, was one of the highest earners at Rangers.

However, the former Mexican internationalist’s time in Scotland was a huge disappointment; he scored just five goals in 17 first team appearances and was loaned out to Cruz Azul and Necaxa in his homeland last year.

A brief statement from the Ladbrokes Premiership club yesterday confirmed Pena had had his contract terminated.

“It’s not really a big problem for me because he’s never been available, but I certainly respect the decision,” said Gerrard.

“The decision to sign him and what he gave for the club has absolutely nothing to do with me.

“But as a recruitment team and a manager we try and make the best decisions for the club to make the team and the squad stronger and I feel we have done very well in that department.”

He continued: “We have made one or two mistakes as well and I think honesty is the best way to deal with it. Sometimes players don’t settle.

“But I think you can see what myself, Mark (director of football Allen) and the recruitment team are trying to build. So far we’re really happy with the business we’ve done.”