Kelsy is reportedly the kind of centre-forward Rangers do not always have in abundance.
That matters in Scotland. Rangers often face deep defensive blocks domestically, but they also need a forward who can survive the physical side of the league and attack space quickly in transition. Kelsy appears to tick both boxes on paper.
The hesitation is easy to understand. A fee in the £10-12 million range is major money for Rangers, especially if other areas of the squad also need attention.
Reports also frame Kelsy as more of a development bet than a finished striker.
That profile brings upside, but also risk. The update says there are questions about his link play and how cleanly he handles pressure in possession. For a side expected to dominate many league matches, that part of the role matters as much as finishing.
Rangers are not just shopping for goals; they are trying to avoid paying premium money simply because the market knows they need a striker. If the gap stays at £2 million, compromise feels possible. If it hardens, Rangers may have to decide whether Kelsy is the right long-term investment or just the most available answer.
The next few days should bring clarity. Either Rangers find a middle ground with Portland, or attention will shift to whether they pivot to a cheaper option before the window closes.