Africa Press-Nigeria:
The Gers boss was forced to move for extra cover at the back after losing Nikola Katic to a serious knee injury earlier this month.
And he believes the 32-year-old Nigeria international will provide the solution to his defensive concerns.
Balogun was available on a free transfer after leaving Wigan earlier this week and could see his stay in Glasgow extended if Gerrard decides to take up the option of an additional 12 months on his contract.
The former Werder Bremen, Mainz and Brighton defender was part of the Latics side relegated from the Sky Bet Championship on Wednesday night but will go straight into the Gers side looking to put a halt to Celtic’s bid for 10-in-a-row.
Gerrard told the Rangers website: “I am pleased to secure the signature of Leon. He is an experienced centre-half who will add strength and depth to our squad.
“His experience in the Premier League as well as his international pedigree strengthens our squad and will assist in the development of our young defenders.
“Leon has just finished a round of competitive fixtures with Wigan so will hit the ground running.
“He’s a positive and bright character and we are looking forward to his influence around the group.”
Balogun could get a first look at Ibrox on Saturday when Rangers take on Coventry in a closed-door pre-season friendly – but he cannot wait to see his new home packed out.
He told RangersTV: “I’m coming to a club with incredible history and incredible fan culture.
“Unfortunately I’ve not been able to witness it but I’m looking forward to it.
“To have this sort of crowd behind you, that’s amazing. I’ve been lucky enough to have experienced something similar in my career but I just want to experience (a full Ibrox) because everyone has been telling me I have no idea how big it is.