According to sources speaking to Football Insider, Rangers could be persuaded to sell Thelo Aasgaard if they receive what is considered a large offer in the coming weeks. The club is reportedly not actively seeking Aasgaard's exit, but his departure has not been excluded as a possibility. While Rangers are not required to sell, the opportunity to receive a significant fee for a player who experienced a frustrating first season could be an incentive. The departure of Aasgaard is still considered improbable; however, the club's position might change if an offer exceeds the £3.5 million they paid for him. Football Insider had previously reported on 3 July that Aasgaard wishes to remain at Rangers and prove his abilities, irrespective of any interest from other clubs.

Following a notable performance against France at the World Cup, Thelo Aasgaard was the subject of reports about a move to Italy, with Atalanta reportedly being interested. It was said that talks had begun over a deal for the 24-year-old midfielder. However, the Scottish Sun has reported that no discussions have taken place and that Aasgaard is not for sale. The report stated that Ibrox chiefs are relaxed about the situation and do not intend to consider offers.

Rangers attacking midfielder Thelo Aasgaard, who joined the Ibrox club from Luton in a £3.5 million deal in July 2025, is a target for Atalanta. The 24-year-old has reportedly attracted attention while playing for Norway at the World Cup. The Scouse-born player is highly regarded by new Atalanta manager Maurizio Sarri. The 2024 Europa League winners will also intensify their attempts to sign Aasgaard after the tournament. Furthermore, reports in Italy suggest that Atalanta have also opened talks with Rangers over a potential deal for Aasgaard's teammate, Nico Raskin. Aasgaard scored 5 goals and provided 3 assists in 28 Scottish Premiership appearances in the 2025/2026 season. The Norwegian international, who has 9 caps and 6 goals for his country, has a contract with Rangers until 2029 and a current Transfermarkt valuation of €2.80m.