Rangers and Sheffield Wednesday have agreed an undisclosed settlement and financial arrangements for the move of Rhys McCabe to Hillsborough.
Charles Green, Chief Executive of Rangers, said: “Rangers and Sheffield Wednesday have agreed terms over Rhys McCabe.
“Sheffield Wednesday have acted in good faith and recognised our rights as a club during the process. We wish them every success this season and beyond and while we were disappointed Rhys decided his future lies away from Rangers we wish him well for the future.”
Scotland Under-21 international McCabe joined the Owls over the summer and has since made nine Championship appearances under Dave Jones.