“He will support the environment here. He is someone for all of us to draw on his experience, mentorship and support. Alan is an important person to have around and I’m excited to be working with him.”
Rangel was signed by Roberto Martinez from Spanish third-tier club Terrassa in 2007 for £10,000.
The full-back went on to play a significant part in three promotions and was a member of the side that moved into the Premier League in 2011 before winning the League Cup two years later
He skippered the side on several occasions – including a 3-0 Europa League win over Valencia in the Mestalla – before becoming club captain this season.
Rangel has opted not to retire and decided to move on after making only six appearances in 2017-18.
“It is difficult for the club to give me another extension, I understand that,” said Rangel.
“But I keep myself fit, I still feel good and I want to play for as long as my body can take it.
“I will look somewhere else for one or two more seasons. When I am 37 or 38 it will be time to call it a day and hopefully I will come back and help the Swans in another way.”