Rangers boss Stuart McCall says he feels sorry for Gael Bigirimana, but admits he should never have been signed.
Chris Gunter will stay at Reading, after the club took up the option to extend his deal by another year.
Dani Pacheco has left Liverpool to join Sociedad Deportiva Huesca on loan.
The Spanish forward will spend the rest of the season back home with the second division club after finding his first-team chances limited at Anfield.
The 22-year-old has made just three senior appearances this term - none of them in the Premier League.
And Brendan Rodgers has sanctioned a third loan move for Pacheco, who previously spent time at Norwich and Rayo Vallecano.