Scotland defender David Weir has joined Rangers from Everton, having signed a contract until the end of the season.
David Weir has completed his move to Rangers, signing for the Ibrox club until on loan the end of the season.
After a day of talks with the Light Blues, the 36-year-old became Walter Smith's first signing since he returned to Rangers for the second time as manager last week.
Weir told the club's official website: 'I have obviously had the pleasure of working with Walter before and I can't wait to team up with him at Ibrox.'
Weir added: 'This is a terrific move for me at this stage of my career and I am eager to get started.
'I have lined up against Rangers many times during my time at Falkirk and Hearts and I am very grateful to Walter for giving me the chance to play for such a massive club.'
Smith was glad to eventually land the player whom he signed for Everton in 1999.
He said: 'David has served me well at club and international level throughout the years and I know he can do a good job for Rangers.
'He is an experienced defender and I am sure he will settle here quickly.'
The 36-year-old has fallen out of favour at Goodison Park and is keen on a switch to Ibrox which would reunite him with manager Walter Smith.
Smith signed Weir for the Toffees in 1999 and later resurrected the centre-back's Scotland career.
Weir, capped 52 times by Scotland, is considered capable of bolstering a defence which has been heavily criticised this season.
There is the prospect of him teaming up at the heart of the Rangers defence with fellow new recruit Andy Webster, a Scotland colleague, who was yesterday given the green light by FIFA and the Scottish Football Association to complete his loan move from Wigan.
Webster's move had been blocked by his former club Hearts, who still held the player's registration with the SFA.
There will be no such complications in Weir's transfer, with Everton accepting his request to move to Rangers.
Moyes said: 'David had expressed an interest in going out on loan. We knew there were clubs in England interested as well as Rangers.
'But when David made it clear he wanted to join Rangers we did not want to stand in his way. We are sad to see him leave Everton.
'David has been a great servant to Everton and a model professional and everybody at the club wishes him all the best for the future.'
Smith brought Weir back into the Scotland squad after a rift with previous national team boss Berti Vogts had seen him excluded.
The new Rangers boss resigned as Scotland head coach last week to return for a second spell at Ibrox, where in the 1990s he steered the club to seven consecutive league titles.
Smith's second spell began with a 5-0 win over Dundee United on Saturday.