Morelos is the top scorer in the Scottish Premiership with 12 goals so far this season.
The Colombian was plucked from Finnish side HJK in June 2017 for £1million, but is now attracting the attention of some of Europe’s bigger clubs.
The club resisted lucrative offers from China this time last year, while Bordeaux tried to sign the forward in the summer, and manager Steven Gerrard is well aware of the battle it will take to make Morelos honour his contract until 2022, which he signed last September.
“I won’t turn my phone off [to any interested parties],” Gerrard said ahead of the January transfer window.
“I’ll listen to what they have to say. I’ll be respectful, but he’s going nowhere and that’s the message.”
Director of football Allen has now spoken honestly about the 22-year-old’s future, admitting that he will have aspirations beyond Rangers.
Speaking to Jim White on talkSPORT, Allen said: “Ultimately, Alfredo will probably want to play at a different level.
“Our job is to hold onto him for as long as we can. There’s no intention of letting him go right now. And we’ll see where the future takes him.
“Alfredo gets a lot of good and bad press.
“He’s got a remarkable character, because the stick he takes on the park, he just picks himself up and gets on with it.”
Morelos will soon be joined by seasoned Premier League striker Jermain Defoe, who has signed for Gers on an 18-month loan deal from Bournemouth.
With 162 top-flight goals in his record, Allen is hopeful that Defoe can teach Morelos a thing or two.
“Hopefully [he can learn a lot from Defoe],” Allen said.
“He’s got a master then in terms of goalscoring, for sure.
“Like we say, all the players we’re adding in will add to the overall experience and quality of the football team.”
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