The Nigerian’s performances have proven that he is capable of continuing to deliver.
And having had to be taken back in from exile once before at Ibrox, the case is getting stronger for Rangers to ensure that doesn't need to happen again.
Balogun is back in a familiar movie. Approaching the final weeks of the season, he is moving out of contract again.
Turning 37 in June, it is clear that Rangers will have to look beyond the veteran as they seek to find long-term solutions in the quest for trophies.
Balogun can't go on forever, but as Davie Weir proved winning Player of the Year accolades and dominating strikers into his forties as a Rangers player, being at the latter end of your thirties need not be a barrier.
Regardless of what happens in the summer with changes coming at the club upstairs, the squad is going to need some continuity. If a new manager arrives he is going to need some experienced hands to help guide in the right direction.
Should Ferguson do enough in the coming weeks to convince he is worthy of the job on full-time basis, it's the same scenario.
Ferguson knows the value of people inside his dressing room who understand it and get it and Balogun falls into that category.
He has spoken openly about the way the values and the demands of Rangers were instilled into him from the moment he walked in the door when signed by Steven Gerrard back in 2020.
Balogun took the words of integral members of the squads into his psyche. The need for success demands to deliver and the pressures of life as an Ibrox player.
Of course, having a love for the club and a desire to be part of it doesn't get you contracts. But Balogun is showing that he is still needed. In the eyes of most fans John Souttar is the No.1 defender yet, right now, there appears no better partner than the veteran.
Rangers will look to strengthen in the area in the summer no matter who is boss but there needs to be room for leaders through the transition and the Nigerian inte...