The £12m recruit dwarfed previous payments by a considerable margin, doubling the existing record set in the summer of Chris Sutton’s move to Celtic.
And he smashed Rangers’ previous record signings and cost more than Andrei Kanchelskis and Giovanni van Bronckhorst combined.
Now, 20 years since the Norwegian’s arrival, his record still stands in Scotland and at Ibrox.
Here we look back Rangers’ reported largest fees paid.
![Signed - Nov 2000
Games - 72
Goals - 38](https://www.thestar.co.uk/webimg/b25lY21zOjBiNTJkYWRjLWM3MTItNGQwNC04ZTZmLWRhYTk2OGI5MmI5NzowNjE4YTllYS00MTVlLTQwOGYtOGJkMy0xZTg2ZTU4ZTMxZDQ=.jpg?crop=3:2&width=640)
1. Tore Andre Flo - £12m
Signed - Nov 2000 Games - 72 Goals - 38 Photo: SNS Group 0141 221 3602
![Signed - Aug 2019
Games - 95
Goals - 19](https://www.thestar.co.uk/webimg/b25lY21zOjA2MDVhMDBhLTlkYTYtNDk4Mi1hZjljLTIzYTc5MDRjYjY1NDo5NmNiOGZjZi0wODQyLTQ3ODMtOWIwYS1hOWNkNWE5NzlmYWE=.jpg?crop=3:2&width=640)
![Signed - Aug 2001
Games - 76
Goals - 2](https://www.thestar.co.uk/webimg/b25lY21zOjQ0NmJhZDM0LTllYzctNDQyZi04N2MyLTZiMGYwZWEyMzU1ZTo1MGYyYjA4OS1iZDAyLTRjYWYtOWJkZC0xMzUzZTYzZjNjNDg=.jpg?crop=3:2&width=640)
3. Michael Ball - £6.5m
Signed - Aug 2001 Games - 76 Goals - 2 Photo: SNS Group Jeff Holmes
![Signed - Jul 2002
Games - 68
Goals - 14](https://www.thestar.co.uk/webimg/b25lY21zOjE3ZTU3ZDhjLWE1YTUtNDYxZS05OGRjLWM4MjQ0YzJiZWQxMjphMWYyYzIzOS03NmVlLTQzM2YtYTEzMS05NWFmNGMzYjk4MmE=.jpg?crop=3:2&width=640)
4. Mikel Arteta - £5.8m
Signed - Jul 2002 Games - 68 Goals - 14 Photo: SNS Group Alan Harvey