Having already concluded the transfer of English forward Kemar Roofe from Anderlecht for a fee understood to be in the region of £4 million on Tuesday afternoon, the Ibrox club added more firepower to their squad in the shape of Itten.
The 23-year-old, who joined St Gallen from their Swiss Super League rivals Basel for £400,000 two years ago, had one year remaining on his contract. The 6ft 2ins front man, who scored 34 goals in 61 appearances for St Gallen, has signed a four year contract at Rangers.
Itten broke into the Swiss international squad last November, scoring three goals in his first two appearances for his country against Georgia and Gibraltar.
"Cedric is a goal scorer who will add further strength and depth to our squad,” said Rangers manager Steven Gerrard.
"The fact we have announced two attacking options in the same day highlights our intent to bolster our squad as we begin the campaign.
"I am pleased that a player of Cedric’s ability and potential has decided to join Rangers as he embarks in the next stage of his career."
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