Steven Gerrard is the frontrunner for the Rangers job, talkSPORT understands.
The Liverpool legend could be set for a return to Ibrox having made his name as a manager during a three-year spell at the club.
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The Gers parted ways with Barry Ferguson at the conclusion of the 2024/25 season.
The club confirmed the decision the day after a 2-2 draw with Hibernian in the Scottish Premiership where Celtic won the title again.
Their Glasgow rivals have won 13 of the last 14 Scottish titles, and now Rangers could return to the man who claimed their only league title during that run.
Gerrard guided Gers to Scottish Premiership glory in the 2020/21 season, preventing Celtic from achieving ten league titles in a row.
His career hasn’t lived up to expectations since then having struggled at Aston Villa where Unai Emery has since impressed.
He then joined the big money revolution in the Saudi Pro League with Al Ettifaq where things didn’t go brilliantly before a January departure.
However, there is competition over a return to Ibrox, with Carlo Ancelotti’s son and assistant Davide a contender.
The 35-year-old has had many of Real Madrid’s tactical masterstrokes attributed to himself, and now looks set to finally step into the limelight with his father heading to the Brazilian national team without him.
Meanwhile, former Southampton manager Russell Martin was a leading contender and ex-Luton boss Rob Edwards was considered for the role but it appears Gerrard’s Rangers reunion will go through.
Rangers began the season with Belgian Philippe Clement in the dugout but his year-and-a-half stint came to an end in February.
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Club legend Ferguson then took over as an interim and had the high of taking the team into the Europa League quarter-finals.
Speaking upon his expected departure, he said: “I’ve already lived the dream as a player and as captain of Rangers, and to do so as head coach in these last three months has been an enormous honour for me.
“There have been some ups and downs, but I have loved this experience and given it my all throughout.
“I want to thank Neil (McCann), Billy (Dodds) and Allan (McGregor), the three staff members who came in with me, and all the other staff who have supported me during my time in charge. Indeed from everyone at the training centre and at Ibrox, the backing I have received has been phenomenal.
“Above all, I want to thank our supporters. There is no doubt this has been a difficult season, but the backing the team and I have continued to receive in spite of that has been incredible.
“I have said, no matter how this period panned out, I would always remain a committed supporter of the club, and I look forward to remaining a Rangers ambassador.
“I wish whomever becomes the new manager, every success in the job.”
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CEO Patrick Stewart commented: “The club, and I am sure all our supporters, will be forever grateful to Barry for stepping up and taking on the role of head coach.
“He and his staff have performed admirably amongst some trying circumstances and achieved some excellent results along the way.
“Barry, Neil, Billy and Allan all had distinguished playing careers with Rangers, and they have all enhanced their standing with the club for their work since February. The reception they received at Ibrox on Wednesday night was fully merited, and I know meant so much to Barry and his team.
“The search for our new head coach is progressing well, and we look forward to concluding our process in the coming period.”
