GREEK side Aris have been handed an extension by Rangers to try and reach an agreement to sign Ecuadorian flop Jose Cifuentes permanently.
The 26-year-old made 29 league appearances for Aris during the season and became one of their key players as he helped them qualify for Europe.
The Thessaloniki club originally had until the end of May to turn the loan move into a permanent one with a £3 million fee as part of the original loan deal.
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However, they have indicated to Rangers they want to renegotiate a deal to get the Ibrox side to lower their demands for Cifuentes to £2 million.
And reports in Greece have stated Rangers have now given Aris until June 15 to reach an agreement exclusively with them, or the deal is off.
They are also considering trying to persuade Rangers to extend his loan deal for another season if they cannot conclude a permanent transfer.
Cifuentes indicated last month he would be keen to stay in Greece rather than return to Rangers, where he made just six league starts.
He said: "I believe I have improved individually as the season progressed, but this is the result of teamwork, under the guidance of the manager.
"I am happy here and we will see what the future brings."
Cifuentes was signed by Rangers two years ago from Los Angeles FC in a £1.2 million deal and he still has two years left of his contract.
