The 25-year-old Nigerian international is entering the final 12 months of the Ibrox contract he agreed when he joined.
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The Nigerian internationalist has been watched by a number of English Premier League clubs in the past 12 months.
The experienced defender walks away from Ibrox on a high after lifting the Scottish Cup in his final game against Hearts.
The Rangers and Nigerian star has been heavily linked with a move to the English Premier League this summer.
The defender is a man in demand with a host of English and European clubs interested in the Nigeria international.
Steven Gerrard is keen to recruit another left-back to add competition for Lucas Digne, who joined the squad for £25million in January. Bologna’s Aaron Hickey is a long-term target for Villa, while Sergio Gomez and Quentin Merlin are viewed as cheaper alternatives.
It comes after the 33-year-old revealed a deep desire to sign a new deal, saying he had forged a strong bond with the club.
The Villa Park outfit will have representation at Hampden to watch the Nigerian international in the Scottish Cup final with Hearts.
The German-born Nigerian centre-back is out of contract at the end of the campaign.
Over 100,000 Gers fans descended on Seville to cheer on their side who were competing in a European showpiece for the first time in 14 years.
The report claimed that Villa want a new left back to provide competition for Lucas Digne, and Rangers youngster Bassey is one of the players Gerrard has reportedly targeted.
The head coach is looking forward to his side squaring off against the Light Blues in their Europa League semi-final.
The Scottish champions can reach the Europa League final if they manage to overcome semi-final rivals RB Leipzig.
This outgoing season has been a breakthrough one for the 22-year-old who could play at left back or in central defence.
The powerhouse fullback knows that last Sunday’s derby defeat by Celtic is a hammer blow to their hopes of retaining the Premiership crown.
Against Red Star Belgrade in a Europa League tie on Thursday night, Aribo was walking a disciplinary tightrope after he was shown a yellow card on the half hour mark for a foul on Guelor Kanga and had to make way for Fashion Sakala, a Zambia international, with a quarter of an hour of normal time left.
The Super Eagles – one of the main contenders to lift the trophy – were defeated 1-0 by Tunisia in the last 16 of the competition, courtesy of Youssef Mskani’s goal early in the second half.
The Ibrox defender withdrew from the Super Eagles of Nigeria squad for the upcoming African Cup of Nations.
The Daily Record claimed the St Mary’s side sent a representative to watch the 25-year-old during the Ibrox outfit’s 1-0 victory over Dundee United on Saturday.
Barcelona find themselves trying to keep alive their hopes of European football after finishing third in their Champions League group behind Bayern Munich and Benfica.