MONEY appears to be no object for former Ipswich Town manager Jim Magiltion in his new role as QPR boss.

MONEY appears to be no object for former Ipswich Town manager Jim Magiltion in his new role as QPR boss.

The Loftus Road club today splashed out �3.5million for Argentinian midfielder Alejandro Faurlin.

The 22-year-old has agreed a three-year contract at Rangers and is the first signing of the summer by Magilton, who was sacked by Ipswich in May and replaced by Roy Keane.

Faurlin, who joins from Argentinian side Instituto, said he had offers play in Spain, Italy and Greece, but opted for the Championship.

Magilton said: "We've had a good look at him and I believe he will be a valuable addition to the squad. He's a likeable young lad who plays with a smile on his face, so we'll have no problems.'