Despite the defender playing for the outfit more than 15 years ago, the team from Portugal are interested in wrapping up a deal as soon as possible.
The defender, who is reported to be on 28,000 pounds a week, has still a year to go on his current deal, which means if any deal is to be done, Rangers would like demand a transfer fee.
Alves has struggled to make an impact this season since picking up a couple of injuries, the latest of which was against Celtic during the clash at New Year.
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