Rangers had been strongly linked with a move for Palma, but he has turned down the Gers’ offer in favour of exploring an alternative option.
Meanwhile, Cooper had been in the final year of his contract at Millwall when Rangers registered an interest in him – recently, however, he has announced that he will be signing a new long-term deal with the club.
Will Rangers regret missing out on Luis Palma?
Losing the race to sign Luis Palma will come as a bitter blow for Light Blues fans – because he is set to make the move to their local rivals, Celtic.
The Celts have lost one of their star players, Jota, in the transfer window after he made the jump to the Saudi Pro League. Presumably, Palma will take his place in their squad.
Rangers could have benefitted from the acquisition of Palma – after the departure of Ryan Kent, they are looking to plug the gap that he has left in the squad. Now, unfortunately, they will be forced to look elsewhere.
Who else could the Light Blues sign instead of Jake Cooper?
As with Palma, Rangers will be disappointed to miss out on signing Jake Cooper – his monolithic height of 6ft 7 would have given them an excellent target to aim for from set-pieces.
Nevertheless, the Gers are not without other options they could pursue in the centre-back role. One of them is Zak Vyner from Bristol City, who they were linked with earlier in the transfer window.
He is of a very different mold than Cooper, being more of a ball-playing defender rather than a towering centre-back, but if Rangers are intent on adding a new centre-half to their ranks, they could do far worse.
At 6ft 2, he is a very imposing figure – and unlike Cooper, he blends this physicality with technical prowess very seamlessly. Moreover, at the age of just 26, he still has his best years ahead of him (in theory).